Daily Archives: January 18, 2013 @ 8:52 am (Friday)

Oil Settles Higher After Saudi Arabia Cuts Output

As the article states, production fell because demand fell. If anything that would be oil unfriendly as the Saudis can only cut maybe another 5 million bpd without ‘permanent’ cutbacks, at which point they lose control of price on the … Continue reading

Posted in Comodities, Oil |