OPEC has folded - expect oil prices to skyrocket!

Saudi Arabia and the rest of the OPEC cartel stooges have given up trying to bankrupt American oil producers and defeat Iranian production. This was not a total defeat, as they did bankrupt 67 oil companies in the USA during 2015. But Qatar blinked first and the rest are hurting so bad their economies are almost wrecked.

Expect oil to shoot up in value at least at first. They were playing two long games and they lost because they don't have the economic might behind them that they once did as oil-only producers.