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and are earning more than ever before. let s start with oil prices, because they ve risen some 20% over the past three weeks. this time last week, prices surged after the oil cartel, opec +, decided it would reduce its combined output by 1.1 million barrels per day. crude prices climbed after the cartel s announcement, but later in the week they steadied, following the latest us and chinese economic data which suggested weaker post pandemic growth. so where are we headed? russ mould, investment research director at aj bell joins me now. i m very excited about this. you are down by the seaside in brighton but actually here today. on the bank holiday we dragged you in. what are your thoughts about oil right now? opec + is seen as this organisation by the white house is not especially helpful when it comes to our outlook for the global economy, cutting production and causing another spike in the price of oil which is very inflationary? it spike in the price of oil which is ....
Be forgiven for thinking washington wants it both ways, they want lower oil prices remember they ran down the strategic petroleum reserve price last year to drive the price last year to drive the price down they will need to refill that it is at a 20 or 30 year low, the saudis may think there is an opportunity to remind them who is boss. where do ou remind them who is boss. where do you think remind them who is boss. where do you think prices remind them who is boss. where do you think prices are remind them who is boss. where do you think prices are headed, i do you think prices are headed, some say it could be $100 a barrel? ., ., ~ , ., ., ., barrel? nothing makes a fall of someone more barrel? nothing makes a fall of someone more than barrel? nothing makes a fall of someone more than an - barrel? nothing makes a fall of someone more than an oil- barrel? nothing makes a fall of| someone more than an oil price prediction, i think they have a certain price level in mind, the ....