# More Than Just OPEC Underpins 49% Surge in Crude Oil Pricing - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com

> Bloomberg analysis attributes a 49% rise in North American crude futures since late June to OPEC discipline, strong refining margins, cold weather and robust foreign demand. Analysts are divided on whether prices can reach $80 a barrel.

- Date: 2018-01-11 · published 2018-01-11T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/67155-more-than-just-opec-underpins-49-surge-in-crude-oil-pricing-energy-news-top
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

The mix of drivers suggests crude price strength may be less dependent on OPEC alone, leaving energy costs for feed production and transport exposed to both supply and demand shifts.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Sources

- energynow.com: https://energynow.com/2018/01/just-opec-underpins-49-surge-crude-oil-pricing/

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