Friday, November 21, 2014

Confused OPEC Watchers Are More Divided Than Ever

http://www.bloomberg.com/news/2014-11-21/confused-opec-watchers-are-more-divided-than-ever.html

The 20 analysts surveyed this week by Bloomberg are perfectly divided, with half forecasting the Organization of Petroleum Exporting Countries will cut supply on Nov. 27 in Vienna to stem a plunge in prices while the other half expect no change. In the seven years since the surveys began, it’s the first time participants were evenly split. The only episode that created a similar debate was the OPEC meeting in late 2007, when crude was soaring to a record.

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