Oil Rebounds On Reports OPEC Will Cut Supply, Seek Stricter Compliance | Zero Hedge.
Less than two hours after Venezuela noted that no supply cut had been pre-agreed, The Wall Street Journal reports…
- *OPEC MEMBERS SAID TO MOVE TOWARD CUTTING OIL SUPPLY: WSJ
And oil prices are jumping. However, a big below the surface shows this story is more about stricter compliance than an actual supply cut.
…click on the above link to read the rest of the article…