Amidst accusations of coercion and political ploys, the Organization of Petroleum Exporting Countries (OPEC) plus other oil-producing countries, including Russia, announced on October 5 that it would be cutting oil production output by 2 million barrels per day despite an already tight market. The White House has ramped up its verbal disagreement with Saudi Arabia [...] The post OPEC’s Oil Production Cuts Underscore Importance of U.S. Energy Independence appeared first on ETF Trends .