RE:Why Oil Markets Reacted Negatively to the OPEC+ AnnouncementOPEC is the ultimate Put Option . Why they had to declare this winding down now is a head scratcher but they did it and paid a price . They are in control but not as much as theyd like as shale can still overproduce , the greedy poor business people they are . One day shale will fizzle out and OPEC will win the long game. Patience is all we have. I'm not into conspiracy theories but I truly believe they want Democrats back in the White House and are maybe helping them out here. Trump keeps threatening " drill baby drill" Not a stable person and definitely not a stable oil market statement at all.