Finding the Floor, or Ceiling, for Oil Prices by ANATOLE KALETSKY | REUTERS

By ANATOLE KALETSKY | REUTERS

The dividing line between monopolistic oil pricing and a competitive market is around $50 a barrel. Both have been seen as OPEC’s power has waxed and waned.

Published: December 19, 2014 at 12:00AM

from NYT Business Day http://ift.tt/1ANThtD

from WordPress http://ift.tt/1C7Wpo5

via Hadi Aboukhater