What should we expect from Crude Oil in 2018?
As the markets seek a global drawdown on inventory, oil prices have recovered considerably since 2014. OPEC and its partnering countries have been successful in driving up oil prices through a grand plan that emphasizes on supply reduction.
They have affirmed their commitment on an agreement extension till end 2018 and it has resulted in bolstering oil prices.
Key drivers for Crude Oil prices in 2018
Several key events have been flagged as market drivers for oil prices in 2018: