News Oil 

OPEC agreed on Friday to an oil production cut of 1.2 million barrels per day in an effort boost falling prices, defying President Trump’s demands.

“Before recently raising oil output, OPEC and Russia had implemented an agreement to cut production for 18 months” reports washingtonexaminer.com. We share that interest in keeping energy affordable.” Some oil analysts agreed that Trump should be cheering the OPEC deal to limit production.In addition, analysts have said the oil price fall can be partially attributed to fears of sluggish global economic growth due to Trump’s trade wars.OPEC agreed on Friday to an oil production cut of 1.2 million barrels per day in an effort boost falling prices, defying President Trump’s demands.To be sure, other factors contributed to the oil price drop, such as over-abundant supply, including prolific output from U.S. shale producers.
 
Source: washingtonexaminer.com



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