From Wall Street Journal:



OPEC and its allies have not been successful in raising crude oil prices despite multiple production cuts in the past 15 months. Oil prices surged near $100 a barrel earlier this year, but then dropped, and crude futures tumbled 10% after the coalition announced a 5% reduction in output on Nov. 30. These production cuts have not had the desired effect on crude prices, leading OPEC+ to struggle in their efforts to control the market.



Original: OPEC Is Losing Its Mojo on Wall Street