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The Biggest Losers Of $100 Oil
The world’s biggest oil exporters will benefit from the surprise OPEC+ production cut, but if oil prices move higher from here and reach $90 or even $100 a barrel, as some analysts predict, oil importers will start to feel the pain. Brent Crude bounced back to $85, and WTI Crude hit $80 per barrel again, as the latest 1.66 million bpd of production cuts from nearly half of the OPEC+ members from May through December are expected to tighten the market in the second half of the year. Analysts, who had just slashed price forecasts…
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