The outcome of a meeting this past weekend of major oil producers was somewhat surprising, but they may have expected to see a stronger climb in prices in the wake of Saudi Arabia’s decision to voluntarily cut another 1 million barrels a day from its production level.
Some analysts do not anticipate a major rally following the move, which would be good news for U.S. drivers who aren’t expected to see an extreme rise in gasoline prices at the pump this summer.
OPEC+,…
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