Shutterstock Save for later Print Download Share LinkedIn Twitter Roller-coaster oil prices ended the week barely changed as traders mulled the impact of Opec-plus production cuts against the demand destruction they are likely to cause. The International Energy Agency warned Wednesday that higher prices from what it expects to be a 1 million barrel per day cut in real Opec-plus production could tip the global economy into recession. It has lopped 470,000 b/d off its demand forecast for next year with jet fuel and China the only bright spots.
