Oil prices are steady as markets await on OPEC’s decision on oil production. The ministers are meeting in Vienna. While no surprises are expected, it will be the first OPEC meeting attended by Saudi Arabia’s new Energy Minister. There is less pressure to cut production of oil as prices have doubled since the winter. Uber just raised $3.5 billion from Saudi Arabia’s investment fund. The Saudi sovereign fund investment values Uber at $68 billion. Uber was only launched 6 years ago and has raised the most of any startup, so far, as it tries to disrupt public transportation. The Obama Administration is expected to announce today the Federal Government’s first move to regulate high interest, low dollar ‘payday loans’, which is currently left to the states. Among the proposals today will be to require lenders to do more to assess a person’s ability to pay back the money.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
