Crash, When will it come ? Message Board

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Strategies & Market Trends : Crash, When will it come ?

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From: Ms. Baby Boomer	3/5/2020 11:01:09 AM
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OPEC’s Plan for a Big Cut to Oil Output Isn’t Helping Prices Yet... OPEC wants to make the largest oil-production cut since 2008, but whether it does will depend on if it can convince Russia to join the deal. The cartel said on Thursday that it is aiming to engineer an output cut of 1.5 million barrels per day through June 30, on top of a 1.7-million-barrel reduction that the group agreed to in December. But the deal is contingent on Russia also signing on. It would entail OPEC members cutting 1 million barrels per day, while non-OPEC members (a group known as OPEC+ that includes Russia) would... barrons.com NOTE: Crude Oil 5 Year Chart Triple Bottom.... M

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