OPEC has an impossible job when it comes to stabilizing oil prices

OPEC will likely extend production cuts for another nine months to help inflate oil prices. However, US crude oil production is booming, threatening to offset any supply cuts from the organization. OPEC is on the verge of extending its production cuts for an additional nine months, pushing the deal through the end of 2018. But the determination to keep the cuts in place comes at the same time that U.S. shale seems to be accelerating in response to higher oil prices. It’s an impossible tension ...