OPEC Just Turned Oil Markets Around – and No One Noticed

OPEC Just Turned Oil Markets Around – and No One Noticed As I predicted , there will be no agreement on capping oil production coming from the current International Energy Forum (IEF) summit in Algiers. Now, pundits had been looking for a "bottom line" coming out of Algiers, one that would telegraph an agreement to freeze (or cap) oil production. This was never how it was going to play out. With national priorities varying across the board among both OPEC members and primary non-OPEC producers (led by Russia), no consensus on a final accord could possibly be worked out during just three days of meetings. So the media have reacted, and declared that Algiers was a complete failure. But that's not true either. In fact, the Algiers meeting marked the beginning of something huge. Something that will change the face of oil markets forever... Tags: Oil To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2016 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post OPEC Just Turned Oil Markets Around – and No One Noticed appeared first on Money Morning - We Make Investing Profitable .