OPEC Is Ready To Embrace $100 Oil

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OPEC Is Ready To Embrace $100 Oil

OPEC has signaled it may actually be fine with oil at $100 after several cartel delegates said there were no plans to accelerate production growth despite soaring prices. Brent crude briefly topped $99 today after 's President Vladimir Putin signed a decree recognizing the independence of the two eastern ian regions of Lugansk and Donetsk and ordered army forces to enter them for peacekeeping purposes, the Kremlin said. According to a Bloomberg report published later in the day, OPEC delegates from Iraq and Nigeria said they saw...

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