13 members / 415 guests (24 hours)

An Interesting IDB update! And how IDB got even faster.  IDB is fast, reliable, and FREE to use. Just join and start posting!

Will A 9-Month Crude Production Cut Extension Be Enough?

Will A 9-Month Crude Production Cut Extension Be Enough?

zerohedge.com / by Nick Cunningham via OilPrice.com / May 16, 2017 2:21 PM

Oil prices surged on Monday after Russia and Saudi Arabia said they support an extension of the OPEC/non-OPEC production cuts. Oil prices have clawed back a lot of the losses exhibited over the past month, with Brent now safely in the low-$50s and WTI on its way toward those levels.

READ MORE