Oil will struggle to hold on to its gains

A combination of falling US stocks, mounting geopolitical risk and OPEC’s deal to extend its output cuts has pushed the price of oil higher in recent weeks. However, we think that rising non-OPEC output will prevent any marked shortfall in oil supply in 2018. As such, prices are likely to ease back.

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.
By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.

Already a client or trialist? Log in to read this.