RE:What’s Really Drives Oil PricesA good summary, but you missed a major point. Why is Putin not reducing Russia's production/exports to close the over supply gap? He recently said Russia will not reduce exports, even though he controls his own pricing destiny. Russia is the worlds largest producer and one of the largest exporters. He appears to prefer to blame the USA rather than take responsibility for this and its impact on Russia's economy. He is very dumb.