Now , either OPEC agrees to put a floor under prices in the short-term , or a prolonged period of lower Movement.down.loss prices starts to shrink Movement.down.loss long-term investment or ramp up Cause.movement.up.gain demand , he says .

Fellow Gulf Arab ally and OPEC exporter Kuwait has already said that OPEC is unlikely to disrupt Cause.movement.down.loss oil supply in an effort to ramp up Cause.movement.up.gain prices because such a move would not necessarily be effective .

`` The big mistake was that they continued to curb Cause.movement.down.loss production to try to ramp up Cause.movement.up.gain the prices and the price sank Movement.down.loss anyway , '' said analyst Yasser Elguindi of Medley Global Advisors .

U.S. President Donald Trump , who has urged the kingdom to ramp up Cause.movement.up.gain production and bring down Movement.down.loss oil prices , could apply more pressure to open the taps .

Fellow Gulf Arab ally and OPEC exporter Kuwait has already said that OPEC is unlikely to trim Cause.movement.down.loss oil supply in an effort to ramp up Cause.movement.up.gain prices because such a move would not necessarily be effective .

Now , either OPEC agrees to put a floor under prices in the short-term , or a prolonged period of lower Movement.down.loss prices starts to reduce Movement.down.loss long-term investment or ramp up Cause.movement.up.gain demand , he says .

`` However , supply concerns Negative_sentiment would ease even more should Iraq manage to push militants back to Mosul and also provided Libya continues to ramp up Cause.movement.up.gain production . ''

Some analysts have also warned that the cuts Cause.movement.down.loss are likely to cause other producers , particularly U.S. shale drillers , to quickly ramp up Cause.movement.up.gain output as prices rise Movement.up.gain .