What OPEC's New Romance with Russia Means for Oil Prices

Low oil prices have brought OPEC and Russia to the brink of partnership, but don't expect this new closeness to radically raise oil prices. Here's what the real impact will be. OPEC's decision to protect market share over price has even hit American producers, with their huge, expensive-to-extract new reserves of shale and tight oil. This is an important development. It means that for the first time in nearly 11 months, geopolitics is likely to give support to higher crude - meaning oil prices get a new push. Tags: Crude Oil Prices , Oil , Oil Prices , OPEC , Russia To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2015 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post What OPEC's New Romance with Russia Means for Oil Prices appeared first on Money Morning - We Make Investing Profitable .