Fears of Gasoline Glut Rise as OPEC Hold Looks Fragile

摘要

While the OPEC cuts have kindled a glimmer of hope in a flaccid market, analysts are deeply divided on the longevity of the crude price balance secured thereby. Oil prices are stuck in a holding pattern, waiting for more definitive data on what comes next. OPEC compliance is helping keep prices afloat, but rising U.S. oil production is acting as a counterweight.