Andy Burns wrote:
John wrote:

OPEC are already cutting production so oil/petrol/diesel etc will soon
be going up again.

That was their plan, but the market price went down on the news of their
volume cut.

That's because worldwide consumption has fallen below output.
And will drop further as the 400 year Depression and reversion to the
Dark Ages sets in. ;-)

Realistically OPEC will cut as much as it needs to to stabilise between
$75 and $100 a barrel. If a dollar is worth more than a empty promise to
wipe your arse on, by then.