| Oil prices are flip-flopping around unchanged Tuesday on divided opinion about OPEC’s ability to successfully rein in production. The market has been buoyed by a tentative agreement from the Organization of the Petroleum Exporting Countries to cut output to between 32.5 million and 33 million barrels a day.
Despite the small losses Tuesday, prices are up 8.8% since the day before OPEC members met in Algeria and discussed the deal on Wednesday, and opinions about the deal are still the primary driving force in the market, said Scott Shelton, broker at ICAP PLC...........................................Full Article: Source
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