RE:RE:OPEC+ extends deep oil production cuts into 2025I think with the lack of demdand that the FED created by tanking the economy with higher interest rates, the market was hoping to see deeper cuts and not just the extended voluntary cuts that they have confirmed. Once Americans and to a lesser extent Canadians begin driving and traveling more those high inventory levels will drop and oil prices will rise again. Especially with the US attempting to refill SPR reserves.
GLTA