Petroleum Prices Face Headwinds in the Form of a Stronger Greenback

Petroleum prices have been buoyed by hopes that OPEC will come through with an official output cap when they meet on November 30.  The markets are skeptical that OPEC will be able to come through with an agreement especially since Iran has requested to opt out of the agreement. What it will come down to is whether Saudi Arabia has the stomach to press ahead and reduce its output and lose market…