For the past several weeks, OPEC representatives have been saying that they weren't planning on cutting production quotas any time soon because they were totally cool with the price of oil where it was. Apparently, they aren't that cool with today's prices, because the group recently reported that they have decreased production in the most recent month.
In this week's episode of Where the Money Is, Motley Fool analyst Tyler Crowe and host Mark Reeth tackle this conundrum of OPEC saying one thing and doing another, as well as the other big news stories in the world of energy this week. They also give their take on what investors should take away from this week, and whether it should change anyone's investment thesis or spending habits. Tune in to the video below to find out what you need to know.
The Motley Fool owns shares of EOG Resources. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.