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Crude Oil & Futures Trading | Trading Strategies & Guidance , Archive » Tax Reform Might Boost US Oil Investment, Bad for Prices
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Tax Reform Might Boost US Oil Investment, Bad for Prices

Posted December 5th, 2017 by TrenaTeece and filed in General News
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Oil prices steadied after the selloff on Monday. It appears to be a tug of war between optimism over OPEC/ non-OPEC’s extension of output cut deal until end-2018 and ongoing concerns over US’ production. Worries for the latter could be exacerbated by the US tax reform. Currently trading at 57.5, the front-month WTI crude oil contract settled at 57.47, dropping -1.53% yesterday.

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Tax Reform Might Boost US Oil Investment, Bad for Prices

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