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OPEC+ carries through on yesterday’s leaks and cuts oil production; oil and oil stocks continue rally

October 5, 2022 @ 7:49 pm | Breaking News, USO | 0 comments

Today, Wednesday, October 5, OPEC and its allies, including Russia, approved a two million barrel-a-day cut in oil production. This is the largest cut in production since the onset of the pandemic. Here’s the key paragraph in the OPEC+ statement: “Adjust...

OPEC+ carries through on yesterday’s leaks and cuts oil production; oil and oil stocks continue rally

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