OPEC’s Spare Capacity Will Calm Oil Markets In 2017

There is a wide variety of opinions on whether or not OPEC will deliver on its promised cuts of 1.2 million barrels per day, and a lot hangs in the balance. The difference between OPEC members complying with the deal and ignoring it altogether is a big one. It will go a long way in determining whether or not the oil price rally continues on its upward trajectory or begins to fizzle.

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