Will OPEC Cut Production On Sunday?

OPEC could make another production cut on Sunday to further support prices, and if they do not, they will likely “insinuate” that cuts are coming in the future, Matthew Smith, Kpler’s lead oil analyst for the Americas, told CNBC live on Thursday. “Everything we’ve heard out of OPEC in recent months is that they want to support prices around the $90 level,” Smith said, noting that in September they cut production by a small amount even when prices were closer to $100, followed by the big cut of 2 million barrels…