OPEC Scrambles To Raise Oil Prices Amid Renewed US Shale Boom

OPEC member states and Russia will meet in Vienna this week, where they are expected to agree on continuing oil production cuts for another nine months. The petro states are seeking to keep crude oil prices from sliding below $50 a barrel. OPEC, Russia and 10 other non-member states agreed to reduce output by 1.8 million…