OPEC Eyes $70 Oil

Brent prices hit $60 a barrel 10 days ago and have maintained
that level ever since, sparking talk that this could be the new
floor under oil prices and that $70 oil in the short term is now
not only in producers’ wildest dreams, but a real possibility.
  Although OPEC never officially admitted it, analysts have
largely thought that pushing oil up to $60 was one of the cartel’s
goals with the production cut deal. Three weeks before OPEC’s
November 30 summit in Vienna, some oil producers have already
started thinking that…

Brent prices hit $60 a barrel 10 days ago and have maintained
that level ever since, sparking talk that this could be the new
floor under oil prices and that $70 oil in the short term is now
not only in producers’ wildest dreams, but a real possibility.
  Although OPEC never officially admitted it, analysts have
largely thought that pushing oil up to $60 was one of the cartel’s
goals with the production cut deal. Three weeks before OPEC’s
November 30 summit in Vienna, some oil producers have already
started thinking that…