Motley Fool | What OPEC Really Thinks About Current Oil Prices Motley Fool Last fall, OPEC sent shock waves through the oil market by agreeing to its first output cut in eight years. That decision marked a notable policy shift by the oil cartel, because it meant the abandonment of its pump-and-dump strategy, which it ... Oil hits one-month high near $55 on tighter supplies China's emergence as top US oil buyer highlights economic ties Oil at near one-month high on supply outage in North Sea |