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Title : Update On That OPEC Production Cut (Wink, Wink) -- July 7, 2017
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Update On That OPEC Production Cut (Wink, Wink) -- July 7, 2017

We'll be off the net for awhile -- traveling. But we leave you with this:

July 7, 2017: oil prices plunge 3% as signs of oversupplied market persist.

The S&P 500 energy index sinks to its lowest level since April 2016, with U.S. crude oil now -2.9% to $44.20/bbl following EIA data that showed continued strength in U.S. oil production in the final week of June just as OPEC exports hit a 2017 high, casting doubt over efforts by producers to curb oversupply.

Ah, yes, OPEC exports hit a 2017 high, "casting doubt over efforts by producers to curb oversupply."

Sort of reminds  me of this once said by a disbarred president: "Fool me once, shame on you; fool me twice, shame on me.

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Thus Article Update On That OPEC Production Cut (Wink, Wink) -- July 7, 2017

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