Oil is trading below $63, -7.25% to $62.95, despite OPEC's 1.5M barrel/day production cut. "One...

|By:, SA News Editor

Oil is trading below $63, -7.25% to $62.95, despite OPEC's 1.5M barrel/day production cut. "One and a half million barrels per day may not have too much of an effect," one analyst says.