“Oil prices have plunged more than 30% since midyear on growing global supplies of oil and weak demand growth.”
Beverly Hills, CA (PRWEB) November 26, 2014
Rocky Mountain Resources CEO Chad Brownstein appeared on CNBC’s “Closing Bell” to discuss OPEC’s expected announcement on oil production later this week.
OPEC (Organization of the Petroleum Exporting Countries) is set to meet on November 27th to discuss the cartel’s response to falling crude prices. According to MarketWatch.com, “Oil prices have plunged more than 30% since midyear on growing global supplies of oil and weak demand growth.”
Brownstein discussed the impact of the “Iran versus Saudi issue” in the Middle East as well as the state of US oil markets. He went on speculate how low oil prices could fall in the months ahead.
Brownstein will appear again on “Closing Bell” on Wednesday, November 26th, 2014 to continue the OPEC discussion.
About Chad Brownstein
Chad Brownstein is the Chief Executive Officer of Rocky Mountain Resources and responsible for the corporate strategy and board oversight for all investments. Mr. Brownstein, a Colorado native, has been an active member of the resource community for 18 years having founded and financed multiple hydrocarbon and mining companies. Mr. Brownstein is the Co-Founder and Vice Chairman of the Banc of California (“BANC”).
For more information on Chad Brownstein, please visit http://chadbrownstein.com/.
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