What OPEC Deal Means for Oil | RJO Futures

December 9, 2016 7:19AM CST

CME

By Erik Norland, Senior Economist, CME Group

Will U.S. Producers Gain from OPEC Output Deal?

Video Highlights:

  • OPEC-fueled oil rally could boost U.S. output
  • U.S. already awash in oil amid high inventories
  • Past OPEC deals have given way to quota-busting

Oil could be set back if rally fails to top $55/barrel

CME


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