Description: CNNMoney’s John Defterios explains what the first reduction in output since 2008 means for the oil market and the consumer.
Source: Fortune.com – video report
Date: Dec 02, 2016
Questions for Discussions:
- Why is OPEC cutting oil production at this time?
- Do you think consumers will readily adjust to the recent rise in prices?
- At what price do you think oil would be “too expensive” – as expressed in a unit of gasoline?