Crude Oil Prices

Saudi Arabia Pumps Record Amount of Oil as Trump Piles on Pressure

Gold Silver Reports (GSR) – The meeting, at which OPEC members will consider how to arrest a decline in oil prices, comes days after leaders of top global oil producers – Russian President Vladimir Putin, Saudi Crown Prince Mohammed bin Salman and Trump – travel to Argentina for a G20 summit this week.

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Russia is Expected to Announce Oil Supply Cuts at its Upcoming Meeting on Dec. 6.

Crude Oil Prices could Rise to $100 a Barrel by 2019, Warn Merchants

Gold Silver Reports (GSR)  –  Almost 2 million barrels per day (bpd) of crude could be taken out of the market as a result of the U.S. sanctions against Iran by the end of the fourth quarter this year, said Daniel Jaeggi, president of commodity merchant Mercuria Energy Trading, making a crude price spike to $100 a barrel possible.    

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