Peter McGuire, the CEO of XM.com/au has told NDTV Finance that the OPEC meet in Vienna, Europe will be important for discussions on crude oil prices until and unless a major change occurs in production.
He speaks about the rise and fall of the price of the Dollar. He speaks of hurricanes that have affected the US economy.
Speaking with emphasis on the global oil prices, interest rates in the US have changed according to McGuire.
He also speaks of how there’s going to be further pressure on the US dollar.
There’s going to be more production coming in from the US when it comes to crude oil, states McGuire.
Several questions answered include, does the political side of US affect the price of crude oil?
Would there be more production of crude oil from US’s end?
Are there trade barriers being put up by other countries affecting the crude oil prices?
Check out the full video to know more – https://www.youtube.com/watch?v=ldTnEvBKtWc