Price of Oil Now That Qatar is Isolated

The price of oil now that Qatar is being cut-off should rise, at least that's what short-term oil swing traders are betting. Bloomberg reports that Saudi Arabia, Bahrain, the United
Chart showing supply and demand lines crossing.

Macroeconomics of the OPEC Cartel

All the recent talk of an OPEC deal to push up the price of oil is nonsense. Here is a hypothetical supply and demand chart of oil. In this hypothetical