04.10.2016 - Why Saudi Arabia’s capitulation may not be enough to boost oil prices

When the Organization of Petroleum Exporting Countries came to an agreement last week, it was by turns hailed as a watershed and a “meh” moment. The question on investors’ minds now is: Which is it, really? On the “watershed” side, the undertaking to cut production (to 32.5 million barrels per day from about 33.2 million) marked the first time since 2008 that OPEC had agreed to cap output..............................................Full Article: Source

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