# Is OPEC still a thing? A look at what is driving oil markets today - Financial Post

> Financial Post publishes an explainer asking whether OPEC still sets global oil prices, noting that the structure of oil markets has changed and the cartel's influence has diminished. It does not report a new supply event.

- Date: 2017-02-21 · published 2017-02-21T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/72670-is-opec-still-a-thing-a-look-at-what-is-driving-oil-markets-today-financial-post
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

The piece is background commentary with no new supply or demand change, so it has little direct price implication for feed markets.

## Sources

- financialpost.com: https://financialpost.com/energy/is-opec-still-a-thing/

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