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home / news releases / CRAK - OPEC+ Won't Standstill As The U.S. Coordinates A Global SPR Release

CRAK - OPEC+ Won't Standstill As The U.S. Coordinates A Global SPR Release

VanEck Vectors Oil Refiners
  • With the coordinated SPR release done, OPEC+ will have something to say about it.
  • It is likely that OPEC+ will pause the production hike for 1-3 months.
  • This will worsen the oil market deficit we are seeing and steepen the storage draws.
  • We think $75/bbl WTI should hold and as a result, readers should start loading up on the energy names you like.

For further details see:

OPEC+ Won't Standstill As The U.S. Coordinates A Global SPR Release
Stock Information
Company Name: VanEck Vectors Oil Refiners
Stock Symbol: CRAK
Market: NYSE
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