{"id":20314,"date":"2017-01-03T05:10:14","date_gmt":"2017-01-03T04:10:14","guid":{"rendered":"http:\/\/bontrade.org\/blog49\/20314\/whether-oils-2016-rally-can-continue-in-2017-depends-on-output-cut-promise\/"},"modified":"2017-01-03T05:10:14","modified_gmt":"2017-01-03T04:10:14","slug":"whether-oils-2016-rally-can-continue-in-2017-depends-on-output-cut-promise","status":"publish","type":"post","link":"https:\/\/bontrade.org\/blog49\/20314\/whether-oils-2016-rally-can-continue-in-2017-depends-on-output-cut-promise\/","title":{"rendered":"Whether Oil's 2016 Rally Can Continue in 2017 Depends on Output Cut Promise"},"content":{"rendered":"<p>Happy 2017! Crude oil recorded lucrative gains in 2016 as prices rebounded from decade low levels of US$ 30-ish\/bbl in the prior year. Soaring over +50%, this marked the first annual gain for Brent crude oil in 4 years. The +45% rally in WTI crude oil also marked the first yearly increase, following the selloff, totaling -76%, over the previous 2 years. Apart from the low base, the rally was driven by ongoing speculations that OPEC and non-OPEC producers would freeze\/cut output.<\/p>\n<div>\n<a href=\"http:\/\/feeds.feedburner.com\/~ff\/OngFocus?a=_DPlXf5J7pk:ULzgPHI_NKw:yIl2AUoC8zA\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/OngFocus?d=yIl2AUoC8zA\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/OngFocus?a=_DPlXf5J7pk:ULzgPHI_NKw:V_sGLiPBpWU\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/OngFocus?i=_DPlXf5J7pk:ULzgPHI_NKw:V_sGLiPBpWU\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/OngFocus?a=_DPlXf5J7pk:ULzgPHI_NKw:F7zBnMyn0Lo\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/OngFocus?i=_DPlXf5J7pk:ULzgPHI_NKw:F7zBnMyn0Lo\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/OngFocus?a=_DPlXf5J7pk:ULzgPHI_NKw:qj6IDK7rITs\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/OngFocus?d=qj6IDK7rITs\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/OngFocus?a=_DPlXf5J7pk:ULzgPHI_NKw:l6gmwiTKsz0\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/OngFocus?d=l6gmwiTKsz0\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/OngFocus?a=_DPlXf5J7pk:ULzgPHI_NKw:gIN9vFwOqvQ\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/OngFocus?i=_DPlXf5J7pk:ULzgPHI_NKw:gIN9vFwOqvQ\" border=\"0\"><\/img><\/a>\n<\/div>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/OngFocus\/~4\/_DPlXf5J7pk\" height=\"1\" width=\"1\" alt=\"\" \/><\/p>\n<p>See more here:<br \/>\n<a target=\"_blank\" href=\"http:\/\/feedproxy.google.com\/~r\/OngFocus\/~3\/_DPlXf5J7pk\/\" title=\"Whether Oil's 2016 Rally Can Continue in 2017 Depends on Output Cut Promise\">Whether Oil's 2016 Rally Can Continue in 2017 Depends on Output Cut Promise<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Happy 2017! Crude oil recorded lucrative gains in 2016 as prices rebounded from decade low levels of US$ 30-ish\/bbl in the prior year. Soaring over +50%, this marked the first annual gain for Brent crude oil in 4 years. The +45% rally in WTI crude oil also marked the first yearly increase, following the selloff, totaling -76%, over the previous 2 years. Apart from the low base, the rally was driven by ongoing speculations that OPEC and non-OPEC producers would freeze\/cut output. <\/p>\n","protected":false},"author":579,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lightning_design_setting":[],"footnotes":""},"categories":[1],"tags":[],"class_list":["post-20314","post","type-post","status-publish","format-standard","hentry","category-welcome-start-here-tradecrudeoilchatroom"],"_links":{"self":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/20314","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/users\/579"}],"replies":[{"embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/comments?post=20314"}],"version-history":[{"count":0,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/20314\/revisions"}],"wp:attachment":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/media?parent=20314"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/categories?post=20314"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/tags?post=20314"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}