Oil

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Oil

OPEC cuts back on production. IMHO, It’s not a major issue
https://www.reuters.com/business/energy/opec-weigh-rollover-or-small-cut-monday-meeting-sources-say-2022-09-04/

more important may be what’s going on between Europe and Russia
https://www.reuters.com/markets/europe/kremlin-warns-west-retaliation-over-g7-oil-price-cap-2022-09-05/

IMHO, the Europeans have shot themselves in the foot by confronting Russia over the Ukraine issue. EU governments are already warning their citizens to prepare for an ugly winter. With the current rampant inflation, a good portion of their population will have to choose between buying food or heating their homes.

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Oil

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