OPEC Production Increase Could Drop Price by $2, Says Shover

The video discusses the upcoming OPEC meeting in Vienna, where a potential compromise on oil output is anticipated. Larry Schober, CIO at Solutions Funds Group, provides insights into the possible outcomes, highlighting the unpredictability of Saudi Arabian oil policy and the involvement of countries like Iran, Angola, Iraq, and Russia. He predicts a volatile but narrow trading range for oil prices, despite the potential for significant changes in production levels.

What is the expected compromise regarding oil output discussed in the meeting?

How many barrels a day does the consensus predict could be added to oil output?

Which countries are mentioned as having spare capacity in oil production?

What is Larry's perspective on the trading range of oil prices going forward?

What factors could affect the predictability of the oil meeting outcomes?