What's a fair price for Oil if OPEC cuts 1Mil bpdThere's no slide ruler where you can easily cross-reference the price of Oil vs production numbers and even though Oil is bullish today this is going to be the first and biggest move up in anticipation of 1Mil bpd production cuts so we could see Oil pullback tomorrow or it could hit $85 and it'll be a $1.50+ move, either way, Right now with Oil at $83 could this be the price that the traders have decided is fair for Oil if OPEC does cut 1Mil like the market is anticipating? We saw manufacturing numbers today pointing towards a global recession so Oil can't get too far ahead of itself in price because it won't stick if data keeps coming out showing global contraction. All the talk of $100 Oil like it's going to happen soon is ridiculous just look at the Oil chart on the timeframe that it took Oil to hit $123 and then down to $76 so don't kid yourself and as we continue through the months the economy will continue to worsen and that will slow any moves higher for Oil and if Oil gets too high then they could add production an option that they never had when Oil hit $100 the first time this year plus the economy was bullish.