Oil Price FALLS To Near $50 as Qatar Quits OPEC! Saudi To Cut Production or Oil Will Crash!

Oil falls as more OPEC drama causes instability. Saudi will have to engage in dramatic cuts to production while other members of OPEC don’t want to budge on their current production for obvious reasons. Less pumping means less money. There’s also a very big issue that as Qatar leaves OPEC, we start to imagine which country is next to follow?

Markets: Indexes, Bonds, Forex, Key Commodities, ETFs
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Dow drops 570 points, bringing its 2-day losses to more than 1,300 points
https://www.cnbc.com/2018/12/05/market-sell-off-set-to-continue-as-dow-futures-get-hit.html
Stocks drop again with Dow's two-day slide now totaling more than 1000 points
https://www.cnbc.com/2018/12/05/market-sell-off-set-to-continue-as-dow-futures-get-hit.html
The stock selloff started with a mysterious fall in the futures
https://www.cnbc.com/2018/12/06/the-stock-selloff-started-with-a-mysterious-fall-in-the-futures.html
Fed's Bostic says interest rates are 'within shouting distance of neutral'
https://www.cnbc.com/2018/12/06/feds-bostic-says-interest-rates-are-within-shouting-distance-of-neutral.html
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Crude Oil Prices Today | OilPrice.com
https://oilprice.com/
Oil Prices Crash As OPEC+ Scrambles At 11th Hour | OilPrice.com
https://oilprice.com/Energy/Oil-Prices/Oil-Prices-Crash-As-OPEC-Scrambles-At-11th-Hour.html
Qatar will leave OPEC. Here’s what this means. - The Washington Post
https://www.washingtonpost.com/news/monkey-cage/wp/2018/12/06/qatar-will-leave-opec-heres-what-this-means/?utm_term=.1566f0a78706
Qatar to withdraw from OPEC, Saudi Arabia dominated oil production cartel amid blockade against Doha - CBS News
https://www.cbsnews.com/news/qatar-opec-withdraw-saudi-arabia-oil-production-cartel-blockade-doha-2018-12-03/
Qatar quitting OPEC 'bad for oil cartel's and Saudi credibility' — RT Business News
https://www.rt.com/business/445461-qatar-quitting-opec-saudi-credibility/
Qatar to withdraw from OPEC in January 2019 | Qatar News | Al Jazeera
https://www.aljazeera.com/news/2018/12/qatar-withdraw-opec-january-2019-181203061900372.html
Saudi Arabia may be launching plans to turn Qatar into an island - Business Insider
https://www.businessinsider.com/saudi-arabia-qatar-island-plans-2018-9
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France drops fuel tax hike as 'yellow vest' anger persists | Reuters
https://www.reuters.com/article/us-france-protests-tax/france-dangles-wealth-tax-review-as-yellow-vest-anger-persists-idUSKBN1O40PQ