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    OPEC+ Maintains 2023 Oil Production Targets, Short-Term Rise In Gasoline Prices?

    OPEC+ Maintains 2023 Oil Production Targets, Short-Term Rise In Gasoline Prices?

    FromSchwab Network

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    OPEC+ Maintains 2023 Oil Production Targets, Short-Term Rise In Gasoline Prices?

    FromSchwab Network

    ratings:
    Length:
    11 minutes
    Released:
    Jun 5, 2023
    Format:
    Podcast episode

    Description

    Oil prices are rising as Saudi Arabia pledged more voluntary production cuts. OPEC+ extends the deal until 2024. Ellen Wald says that it seems like the unilateral 1M barrel per day cut came will provide baseline quotes that will take effect in 2024. Is the market ignoring this information? Wald states that this price bump is not likely to last very long and that gasoline prices may rise temporarily for Americans. Are new baseline quotas a positive for the market as they could alleviate volatility and bring transparency?
    Released:
    Jun 5, 2023
    Format:
    Podcast episode

    Titles in the series (100)

    A unique lineup of financial news and education programs, all available to stream without a subscription. Listen to industry experts track market action and interpret how it may apply to your investment portfolio. Get real-time insights, commentary, and exclusive access to CEOs, analysts, and market experts. Empowering Every Investor and Trader. Every Market Day. Produced by TD Ameritrade Media Productions Company, a wholly-owned subsidiary of TD Ameritrade Holding Corporation. TD Ameritrade Holding Corporation is a wholly owned subsidiary of The Charles Schwab Corporation. TD Ameritrade Media Productions Company is not a financial adviser, registered investment advisor, or broker-dealer. THE TD AMERITRADE NETWORK SITE, CONTENT, APPS, AND RELATED SERVICES, ARE PROVIDED ON AN “AS IS” AND “AS AVAILABLE” BASIS, WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED. This is not an offer or solicitation in any jurisdiction where we are not authorized to do business or where such offer or solicitation would be contrary to the local laws and regulations of that jurisdiction, including, but not limited to persons residing in Australia, Canada, Japan, Saudi Arabia, UK, and the countries of the European Union. All TD Ameritrade Network content © TD Ameritrade Network. All rights reserved.