Cedar Rapids Trading Program

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Tag: Trading Live

Oil Prices are Low and Set High

The Saudi Arabian minister of oil has been removed from his post, beginning speculation that oil prices are about to start rising dramatically. A lot of the recent moves that crude oil has seen when it comes to price per barrel have been because of the fact that OPEC, of which Saudi Arabia is the largest contributing member, had been working toward cutbacks in production. However, a lot of these gains had stalled out recently, and the thought is that a new official in this position will correct the issue. A new central banker was also instituted in Saudi Arabia, adding to the shakeup. (more…)

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