Crude Oil Prices Are Up 49%, and It’s Not All Thanks to OPEC
January 10, 2018, 8:24 PM GMT+2 Updated on January 11, 2018, 7:00 AM GMT+2
Refiner margins, foreign demand, cold and politics contribute
Is $80 oil ahead? Analysts are divided on 2018 forecasts
OPEC may get the credit for the longest winter decline in U.S. crude stockpiles in a decade, but other factors are also at play, including strong refining margins, frigid weather and robust foreign demand.