# Oil Watchers See Little Price Gains for 2017

> A Wall Street Journal article says analysts expect oil to average below $60 a barrel for a third straight year as U.S. shale drillers ramp up output. It notes that OPEC faces a dilemma at its May meeting, since extending cuts could lift prices and invite more shale production, while scrapping them could revive the glut.

- Date: 2017-05-01 · published 2017-05-01T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/71421-oil-watchers-see-little-price-gains-for-2017
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Rising U.S. shale output caps how far OPEC cuts can lift crude prices, which limits the upside for energy costs tied to feed production.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Sources

- wsj.com: https://www.wsj.com/articles/oil-watchers-see-little-price-gains-for-2017-1491392085

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