N.Y. Crude Oil Falls From Record on Calls for OPEC Output Rise

“OPEC has indicated that they’ll increase quotas by about 10 percent, but they don’t have a tremendous amount of extra capacity,” said Kurt Hallead, an analyst with RBC Capital Markets in Austin, Texas. “The Saudis can increase production by 2-to-2.5 million barrels but everyone else has the ability to do a fraction of that.”

Bloomberg