Get ready for $40 oil if OPEC deal collapses

Cheap oil pushes Saudi Arabia into further budget cuts

It’s time for the oil industry’s favorite guessing game: Will OPEC continue to flood the world with more oil, or will it finally blink and cut production?

OPEC reached a preliminary deal to much fanfare in September to cut output for the first time since 2008. That tentative agreement sent crude soaring above $ 50 a barrel.

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