Oil spiked last summer at around $123 per barrel after Russia’s invasion of Ukraine and its attempt to use energy as an economic weapon. It’s since fallen back quite a bit and stood at $75 last month.
Now the plates are back up in the air after the OPEC+ cartel said it would slash oil production by 1 million barrels per day in order to push up prices.
Robert Maxwell - Oil analyst joined Joe this morning.
