Factoring OPEC Production Cuts in to the Oil Trade
30 January 2017 | 4:18 pm
In today's "Futures in Focus," Alan Knuckman of Bulls-Eye Options and Bloomberg's Alix Steel examine how OPEC production cuts can impact the price of oil.
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The move to slash supplies by 1 million barrels per day in July is "extendable," said Riyadh. Members of the OPEC+ grouping also agreed to extend cuts previously agreed in April until the end of next year.
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