OPEC+ Meeting Delayed, Putin Claims Saudi Plan With Production Increases Was to Kill US Shale Oil

There’s more going on in the oil market than just a drop in demand. Here’s what else is causing the massive volatility‚Ķ

by Jason Burack of Wall St For Main St

Sunday night, oil futures opened up hours ago up almost 12% and then crashed and have gotten down to as low as 6%. This is a lot of volatility for the oil market in only a few hours.

The OPEC+ meeting is delayed and Putin is lobbing verbal moltov cocktails at the Saudis accusing them of intentionally increasing oil production just to try to kill US shale oil again.


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