Oil Glut Here to Stay Despite OPEC: Bob Iaccino

The transcript discusses the outcomes of an OPEC meeting in Vienna, focusing on whether Iraq and Iran will join production cuts. It highlights the rising production levels in these countries and the potential for a cap rather than a cut. The discussion includes market reactions, price speculations, and the impact of OPEC's strategies. The potential risks and outcomes of the upcoming November 30th meeting are also analyzed, with a focus on price volatility and the influence of North American production.

What potential outcomes were discussed regarding the agreement on November 30th?

What factors could lead to volatility in crude oil prices according to the discussion?