4/03 - What does the cut in oil production mean for inflation?

It was announced yesterday that several OPEC+ members have agreed to cut oil production by 1.16 million barrels per day until the end of the year. We immediately saw oil prices rise, which if they hold, will be painful at the gas pump. But a bigger issue is how it may affect the fed’s current enemy….inflation. We’ll discus this tonight on the Jon Sanchez Show at 5pm.👉 Watch this episode on YouTube: www.youtube.com/@thejonsanchezshow👉 To learn more about retirement planning and wealth management in Reno, visit: sanchezgaunt.com Compliance Disclosure: This program is for informational purposes only and should not be considered investment, tax, or legal advice. The views expressed are those of the participants and may not reflect the views of Sanchez Gaunt Capital Management. Investing involves risk, including the possible loss of principal. Past performance is not indicative of future results. Always consult with a qualified financial professional regarding your individual situation before making financial decisions.