By The Motley Fool Dec 5, 2016
Today I’m looking at the critical reasons to sell out of Royal Dutch Shell (LSE: RDSB).
A drop in the ocean
The oil sector’s major players breathed a huge sigh of relief last week after OPEC — responsible for four-tenths of the world’s oil supply — confounded the expectations of many and agreed to cut its output.
Saudi Arabia brokered a deal that will see production fall by 1.2m barrels per day, to 32.5m barrels beginning in January. The news prompted Brent oil to top the $55 per barrel marker for the first time since the summer of 2016.