RE:OPEC cutOPEC did a cut in novemeber at 90 oil. I wouldnt neceassirly say this is a bullish thing in medium term for them having to cut again so soon. Demand has to be weak for them to cut again.
If OPEC really cut 1.6m barrels a day that is 136m dollars a day in revenue loss to opec, media doesnt like to point this out.
How long can OPEC keep cutting too make North American oil companies rich