OPEC left it as it is. It will be interesting to see how this all plays out. Obviously if they cut production it has the capability of cutting GDP, of which they are in desperate need for funding all of the social programs and keeping the population at bay. My thoughts were that by cutting production the price per barrel would rise, making more income. That of course is figuring that oil usage is at a minimum and won't or can't drop anymore.
I am holding my oil longs as I am sure they know something I don't. I can't imagine usage dropping much more.
Then again, maybe this is all just wishful thinking. LOL
To hell with oil anyway!