# OPEC's cheer over 2018 oil rally tinged by shale worries

> Brent crude rose above $68 per barrel after reaching its highest level since May 2015, supported by OPEC and allied output cuts due to run through end-2018. Some OPEC members fear the rally will stimulate more US shale output and weigh on market share.

- Date: 2018-01-09 · published 2018-01-09T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/67149-opec-s-cheer-over-2018-oil-rally-tinged-by-shale-worries
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Sustained crude strength supports energy costs for feed and freight, but OPEC's concern about shale response signals a possible future supply increase that could cap prices.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Sources

- zeebiz.com: https://www.zeebiz.com/agencies/opecs-cheer-over-2018-oil-rally-tinged-by-shale-worries-34722

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.