EnergyWatch

Five oil signals to watch as 2018 pits OPEC against US shale

OPEC and its allies are extending supply cuts to stop a global oil glut, while rising US output threatens those efforts. Here are five key barometers to watch in 2018:

Oil traders are going to have their work cut out in 2018.

OPEC and its allies are heading into the second year of supply cuts to wipe out the global oil glut, while rising US output is threatening those efforts. Geopolitical tensions also add a wild card to the market mix.

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