Will Oil Jump? Russians, Saudis Agree to Extend Cuts Into 2019

The video discusses the efforts of OPEC and Russia to stabilize oil prices by potentially implementing production cuts. It highlights the ongoing market monitoring and the data-dependent approach to decision-making. The video also examines the current oil production levels of Saudi Arabia, Russia, and the USA, and the balancing act required to maintain market shares. Expectations of production cuts are explored, with a focus on investor optimism and potential price increases.

What challenges do OPEC and Russia face in maintaining oil prices?

How have investors reacted to the potential oil production cuts?