Oil Prices Are Creating Goldilocks Scenario

Oil Prices Are Creating Goldilocks Scenario
AP Photo/Hasan Jamali

Oil prices hit a one-year high on Monday after Vladimir Putin said that Russia was ready to sign on to an OPEC deal to cap production. Then prices slipped Tuesday as the International Energy Agency reported that global oil supplies increased last month and skepticism set in over whether a deal to cut output would really be reached — or how effective it would be in raising prices.

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