Stocks drifted lower but were relatively quiet on Friday as investors digested a strong weekly gain. Overnight, China said its economy grew by +6.7% in the first quarter of 2016, which came in just below China’s goal of 7%. Oil prices slid ahead of Sunday’s OPEC meeting in Doha about a possible output freeze. Gary’s Thoughts: Paint…
The following chart is courtesy of WSJ News Graphics: The chart illustrates how much it costs each country to produce a barrel of oil and gas. This is helpful as we head into OPEC’s meeting on Sunday to see who can and who can not afford to “freeze” production with oil trading near $40/barrel.
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