RE:RE:OPECre: "This will really hurt oil stocks tomorrow, since production is increasing"
We'll see, Tommy. The price went up when we believed OPEC was increasing supply by 400,000 barrels per month Aug to Dec. The new deal confirms that same increase, but does increase production from May 2022.
So the question is what will weigh the most? OPEC stability or the increased production from May 2022.