Bruce Evers
Bruce Evers
barrels bring disruption impact line meet million minor oil per producers rising supply year
World producers need to bring another 1 1/2 million barrels per day on line every year to meet rising demand. So even a minor supply disruption is going to have a disproportionate impact on oil prices.
couple market prices send signal wrong
If they cut, it will send the wrong signal to the market and send prices up a couple of dollars.