Oil Prices, Production And 5 More Things To Know About OPEC
June 3, 2017
This article originally appeared on the Motley Fool.
OPEC has gotten its share of headlines over the years due to its influence on oil prices. From the oil embargo of the 1970s to the $100-plus per barrel crude prices of just a few years ago, the Organization of Petroleum Exporting Countries has held significant sway over the direction of oil prices. Here are seven things that everyone should know about this market-moving cartel.