OPEC Decides to Raise Output: How Will U.S. Shale React?

  • 25 Jun 2018
  • By Blu Putnam

OPEC members decided to raise production at their meeting in Vienna, setting off a strong rally in prices. How will U.S. shale oil producers react?

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 decision by OPEC on June 22 to raise production triggered a strong rally in oil prices as the increase came in below expectations. Protect your portfolio from uncertainties and volatility with CME Group's suite of Weekly Energy options.

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