Oil Weekly: Playing Chicken with OPEC

Barrels Coming in, Barrels Going Out. SPR Nonsense.

Barrels Coming in, Barrels Going Out. SPR Nonsense.

Author: Brynne Kelly 2/19/2023

Oil started the week stronger on the back of Russia's announcement February 10th that it would cut production in March by 500,000 bpd. However, after the initial spike markets moved on when the Biden administration announced late Monday that it would indeed go ahead with it…