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Well when you wake up this morning your going to be looking at 3.00 gallon petrol shortly in most of the US. Oil price per barrel is expected to top 70 dollars a barrel and very likely go higher as US producers decided to join OPEC with their collective cutting of production. Experts are expecting a sharp response hurting the economy as peoples spending habits will be impacted by the increase. Most expect the price to jump well above the 70 per barrel price point.
http://www.bbc.com/news/business-42653988
https://oilprice.com/Energy/Crude-Oil/Shale-Restraint-Could-Lift-Oil-To-80.html
http://www.bbc.com/news/business-42653988
https://oilprice.com/Energy/Crude-Oil/Shale-Restraint-Could-Lift-Oil-To-80.html