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Will Trump Send The Price Of Oil Soaring?

Sunday, November 13, 2016 9:42
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(Before It's News)

zerohedge.com / by Tyler Durden / Nov 13, 2016

In its latest, monthly oil production update, OPEC reported that its crude oil output increased by another 240,000 barrels a day in October to 33.64 million barrels a day, a new record high, with Nigeria, Libya and Iraq driving the supply boost and with total production about 1 million barrels higher than the plateau agreed upon in Algiers at the end of September.

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As a result of OPEC’s relentless increase in total output, the cuts OPEC would needs to enforce to reach the Algiers output target just get bigger and bigger…

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The post Will Trump Send The Price Of Oil Soaring? appeared first on Silver For The People.

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