OPEC Cuts Sink Under U.S. Production


OPEC Cuts Sink Under U.S. Production

OPEC’s oil production cuts, designed to buoy global prices, are sinking beneath soaring U.S. production and flat global demand. With U.S. output forecast to continue increasing, and tensions in the Persian Gulf providing only mild upside, OPEC ministers will meet in July to decide whether the strategy is still worth pursuing. Insights via @CMEGroup Watch Here

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