Saudi Aramco stock could price at volatile time for the oil market
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Summary
Aramco said the company is worth $1.5 trillion at an oil price of $45; $1.76 trillion at $65, and $2.1 trillion at $75 per barrel, according to reports.Analysts say there could be conflicts at OPEC's meeting this year,. Some traders expect the agreed cuts of 1.2 million barrels a day to be increased, but Saudi Arabia is reportedly not in favor of changing the target until at least March, when the agreement runs out."Obviously, the biggest thing that's going to decide where crude prices go in the next two or three weeks is going to be the OPEC meeting," said Michael Bradley, energy analyst with Tudor, Pickering Holt.
As said here by Patti Domm