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OPEC Leaves Market Guessing on Exit Strategy After Oil Pact

  • Analysts see nine-month deal extension anchoring prices
  • U.S. shale rebound could put agreement under strain in 2018
Bloomberg business news

UBS' Gordon Is Bullish on Oil in Short Term

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OPEC may be celebrating an historic deal to extend supply cuts, but after the party, the organization will face a trio of questions it left unanswered.

Will the lucrative yet delicate relationship between Saudi Arabia and Russia survive the life of the agreement? Will surging U.S. shale output prove too much temptation for OPEC countries to stick to their own production promises? And, perhaps most perplexing: What does OPEC have planned long-term?