Just this past Sunday, several members of the OPEC+ cartel announced that it will voluntarily cut a further combined 1.16 million barrels per day of production, starting in May and lasting until the end of 2023. This news rattled equity markets and other risk assets and also sent analysts scrambling to update their projections not only for the price of oil, but also for the impact on economic growth.
So why did they cut production? Find out in today's episode of #CFIDeeperDive.
#CFI #Finance #capitalmarkets #markettrends #opec #cartel
Continue this lesson in the app
Install CourseHive on Android or iOS to keep learning while you move.
![[Ross] Fundamentals of Corporate Finance](https://i.ytimg.com/vi/MYSLvCIRsko/hqdefault.jpg)