After an initial bounce following OPEC’s announcement that it would cut production by 2 million barrels a day, oil prices have fallen sharply on a variety of negative catalysts, including a strong dollar, a restrictive Fed, rising inflation rates and fears of a global economic slowdown and demand meeting. Additionally, there have been reports that the Biden administration may soon release another 15 million barrels Crude oil from the Strategic Petroleum Reserve to counter the movement of OPEC and …
