As 2017 draws to a close, oil is rallying hard as OPEC supply cuts — combined with improving global demand — support the market.
Next year, however, is a different story. We see two conflicting views for crude in the coming year that could weigh on oil prices.
On Tuesday, WTI crude surged to its highest level since mid-2015, surpassing the $60-per-barrel milestone right before it settled, as an explosion at a pipeline in Libya prompted the loss of around 90,000 barrels of crude.
