The price of oil is going up

If you believe the chaps and chapesses Reuters have polled this month

  • WTI 2017 average estimated at $56.08 vs $55.71 prior

  • Brent 2017 average $58.01 vs $57.43 prior

Pollsters say;

  • Oil markets are starting to tighten

  • Trump's policies may bring a sharper rise in US output

At the moment, the OPEC oil deal is bringing some calmness to the market. This is the longest period of fairly tight consolidation since around Q3 2015.

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