Oil Prices Expected to Keep Rising in 2018… WSJ

Georgi Kantchev and Sarah McFarlane at The Wall Street Journal summarize analysts expectations for the new year:

”Oil prices are likely to continue climbing in 2018 on the back of OPEC-led production cuts and a growing global economy, industry executives and analysts say. But any gains are expected to be kept in check by booming supplies from the U.S.

That means oil prices probably won’t soar to the $100-a-barrel level seen in 2014, but they also won’t plunge below $30 a barrel like early 2016. Instead, traders expect prices to be volatile but in a tight range—much like 2017, when crude traded between roughly $45 and $67 a barrel.”

Here is the link:  https://www.wsj.com/articles/oil-prices-expected-to-keep-rising-in-2018-but-it-could-be-a-rocky-ride-1514635200