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Smoke And Mirrors: What Did OPEC Really Agree On?

Submitted by Nick Cunningham via OilPrice.com, Oil prices shot up more than 6 percent this week on the news that OPEC reached a deal to cut oil production, but by Friday the rally seemed to be already running out of steam as the markets grew skeptical of the group’s ability to implement the deal... but the squeeze continues... Previously, I noted how there were reasons to question how serious the production cut actually might be.
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Smoke And Mirrors: What Did OPEC Really Agree On?

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Oil prices shot up more than 6 percent this week on the news that OPEC reached a deal to cut oil production, but by Friday the rally seemed to be already running out of steam as the markets grew skeptical of the group’s ability to i...

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