Marcus Hiles Discusses Expansion Of Houston Energy Firms Following OPEC Decision

Short of two months after the Organization of the Petroleum Exporting Countries’ (OPEC) historic agreement to stabilize the market by slowing crude production for the first time in eight years, per-barrel cost has nearly doubled after slipping to a rate of $26 in February of the prior year. In Greater Houston, the capital of U.S. oil production, the agreement has sped up the sector’s recovery from a two-year downturn while spurring regional economies. Texas real estate expert and CEO of Western Rim Property Services Marcus Hiles, the state’s preeminent affordable luxury property developer, expects that as Houston’s energy companies are able to hire and grow in 2017, the metro region will see rising employment rates corresponding into wage increases.

Read more: http://markets.financialcontent.com/pennwell.cabling/news/read/33762579/Marcus_Hiles_

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