The ink has barely dried on the highly-anticipated OPEC+ deal, but the oil market is moving on, growing concerned about other issues. Oil prices gained around 4 percent immediately after OPEC+ announced that it would slash output by 1.2 million barrels per day (mb/d) beginning in January. The deal was largely a success , with both OPEC and non-OPEC members, including Russia, signing on to collective supply curbs in excess of what the market expected. However, oil fell on Monday, with prices right back to where they were before the agreement was announced. How is it that the market is unmoved by such a development? OPEC+ is doing everything it can to zero out the surplus in the early part of 2019, but oil traders, at least as of now, are ignoring that fact, and are instead much more worried about the growing cracks in the global economy. On […]