Oil Prices Stuck Ahead Of OPEC Meeting

As the OPEC meeting rapidly approaches, bullish sentiment
appears to have taken a time-out with the recent suggestion that
the production cut extension may not be as certain as it once was.
(Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to
enlarge)- The EIA sees the WTI discount of $6 per barrel
relative to Brent persisting into the first quarter of 2018, which
is $1/barrel more than the EIA predicted in its prior forecast. –
Surging production from the Permian, plus a dearth of pipelines to
accommodate all of that supply,…

As the OPEC meeting rapidly approaches, bullish sentiment
appears to have taken a time-out with the recent suggestion that
the production cut extension may not be as certain as it once was.
(Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to
enlarge)- The EIA sees the WTI discount of $6 per barrel
relative to Brent persisting into the first quarter of 2018, which
is $1/barrel more than the EIA predicted in its prior forecast. –
Surging production from the Permian, plus a dearth of pipelines to
accommodate all of that supply,…