What OPEC Deal Means for Oil, How 2017 Elections May Impact Euro

What OPEC Deal Means for Oil, How 2017 Elections May Impact Euro

By Erik Norland, Senior Economist, CME Group


Will U.S. Producers Gain from OPEC Output Deal?

Video Highlights:

  • OPEC-fueled oil rally could boost U.S. output
  • U.S. already awash in oil amid high inventories
  • Past OPEC deals have given way to quota-busting
  • Oil could be set back if rally fails to top $55/barrel

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Euro Prospects Amid European Elections

Video Highlights:

  • Euro faces tests as French, Germans vote in 2017
  • Tighter U.S. monetary policy could strengthen dollar
  • Continued negative rates in Europe could aid euro

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