US crude is sold at market prices and is NOT specifically dependent on Saudi Arabia supply increases (e.g. another oil producer could cut production and zero ou

US crude is sold at market prices and is NOT specifically dependent on Saudi Arabia supply increases (e.g. another oil producer could cut production and zero out that increase). Also, the price fell long BEFORE Saudi Arabia increased production (about a year). This was due to excess supply and why Saudi Arabia tried to cut production in 2014. http://www.artberman.com/wp-content/uploads/Chart_Market-Balance-FEB-2016-1.jpg http://www.artberman.com/wp-content/uploads/Chart_Market-Bal... https://ycharts.com/indicators/saudi_arabia_crude_oil_production https://ycharts.com/indicators/saudi_arabia_crude_oil_produc...