Oil: As Price Tops $70, Will Shale Producers Ramp Up Output?

  • 7 May 2018
  • By Bluford Putnam
  • Topics: Energy

Off The Charts! examines the pertinent economic issues of the day, providing a deeper dive into complex topics and framing the issues in a way that can lead to a better understanding of the financial and commodities markets.

        • Duration 13:43
        • As crude oil prices top $70 per barrel amid escalating Mideast geopolitical risk premium, will shale producers ramp up output as they lock in prices?
      • 13:43
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About the Presenter

Bluford “Blu” Putnam has served as Managing Director and Chief Economist of CME Group since May 2011. With more than 35 years of experience in the financial services industry and concentrations in central banking, investment research, and portfolio management, Blu serves as CME Group’s spokesperson on global economic conditions.

View more reports from Blu Putnam, Managing Director and Chief Economist of CME Group.

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The U.S. is scheduled to decide on whether to pull out of the international nuclear deal with Iran, an oil major. Prices have topped $70 a barrel ahead of the decision that could impact the market. Protect your portfolio and hedge against the uncertainty with CME Group oil futures and options.

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