Slashing Crude Oil Supply Can Alter The Prices

The decision to further slash oil production is not a small thing, you know, OPEC is seeking to maximize the value of crude oil reserves for all of its member countries, and this is something that we’ve seen many times before, this does put upward pressure on crude oil because slashing the supply can alter the prices, notes David Williams. He discusses how crude oil higher despite Angola’s decision to leave OPEC. He also talks about how the EIA reports record crude oil production. Tune in to find out more about futures and the stock market today.