Rumored Production Cuts Excite Crude Bulls

Posted on 03/09/2017 10:25 AM
  Crude oil watchers got some fresh news to digest today as Reuters reported Saudi Arabia has suggested a 5% across-the-board production cut for global producers. The move would be most true to form for Saudi Arabia who has been known to combat low oil prices with production cuts, balancing global supplies in favor of producers. Ven...