Similar Stories to Here's Why The Opec Cuts Didn't Work on Bing News

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Mon, 05/22/2017 - 6:00pm

Heinz-Peter Bader/ReutersIt was only a few months ago that OPEC, once the de facto arbiter of oil markets, seemed to have a plan to inflate the price of oil: The cartel, along with several non-OPEC members, agreed in December to cut production by roughly 1.2 million barrels per day. And for the first quarter of 2017, OPEC largely made good on its pledge.

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