RE:The US may cut after allOf course the US will cut. When all grades of oil drop into the teens or worse the marketplace will force it painfully on everyone. Oil in the $20’s and $30’s is already shutting down supply. You can pretend it was a choice. It doesn’t matter. The marketplace doesn’t care.
JohnFriesen wrote: Disregarding Trump's bs that the US won't cut oil production, there is news of related matters that makes it look pretty clear that the US will indeed cut.
A lot of US oil producers want to cut, as they know it is the only way they will survive.
So I think it happens, the only question is "will it be enough"?