# Opec and the outlook for the oil price

> An FT video explains that OPEC and allied producers agreed to curb output in late 2016, pushing prices above $50 before the gains faded. It frames the outlook as a tug of war between the OPEC-plus cuts and a resurgent US shale industry.

- Date: 2017-04-12 · published 2017-04-12T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/71651-opec-and-the-outlook-for-the-oil-price
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

The unresolved balance between OPEC cuts and US shale output keeps crude price direction uncertain, which affects energy costs across feed and biofuel supply chains.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Sources

- ft.com: https://www.ft.com/video/bb235a35-0383-3b67-b845-d5b8f0d7ed34

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