OPEC Might Boost Production

Oil was down more than 4% Friday morning. This came amid reports that OPEC is considering easing supply cuts. OPEC and other supply-cutting countries led by Russia could begin easing output caps. The consideration comes after President Donald Trump complained about rising oil prices, a factor that reportedly led OPEC to rethink supply cuts. The cartel began announced supply cut in 2016 in an effort to tackle a global glut.