instead of being so smug in the first place?
Saudi's production is at its lowest level since July 2018
https://tradingeconomics.com/saudi-arabia/crude-oil-production
It seems to me that the prices at the moment are, and continue to be, demand-driven. US production has not increased enough to be factor.
Edited by DC Jayhawk at 22:34:12 on 02/13/19