00:00 Speaker A
Yes, right now, we’re seeing oil a little changed, a little above $67 a barrel. This has been something, uh, that is the slide in oil prices has been a big help for consumers. There’s an OPEC meeting this weekend. What should we be watching?
00:19 Speaker B
Yeah, and OPEC could definitely increase its output by another 411,000 barrels per day. This would be the fourth month in a row that they do this. Look, Wall Street is basically saying that we may have already seen the highs of oil this year. Um, JP Morgan expects Brent to stay at around $67 per barrel, uh, for the second half of the year and to go even lower after that. This is now a supply issue. OPEC Plus is increasing supply, and so therefore, you see, you should see prices around these levels or even perhaps lower.
