RE:RE:Qatar cuts its oil output.What matters is what I mentioned a few weeks back, its really up to the Saudis, and what their intentions in regards to pricing might be. The other key consideration is will the larger producer,
work on a revenue type model, where price is not the main consideration or will they undertake a profit maximization model, and prices will move higher. Venezuela might be a problem. The rest
of the producers (non opec) are price takers. Do some research to understand how they interact, as OPEC now seems to have some decent pricing power in the oil market.. Now we wait for the next update and try to glean some information on costs per barrel moving forward, especially at PUT.