OPEC countries' new strategy is driving up Oil prices. Economists at Natixis analyze the big difference between the effects of high Oil prices on the
countries' new strategy is driving up Oil prices. Economists at Natixis analyze the big difference between the effects of high Oil prices on the US and theThe new strategy of the OPEC countries, with their production cuts, will result in fairly high Oil prices for the long term.
For every $10 rise in the price of Oil, the US becomes 0.11% richer as a percentage of US GDP and the Eurozone becomes 1.65% poorer as a percentage of Eurozone GDP. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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