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Published on Monday, April 8, 2019 | Updated on Tuesday, April 9, 2019

U.S. | Oil Prices Outlook. April 2019

OPEC+ cuts are tightening the market and driving up prices. The deal could be extended for the entire year. Sanctions to Venezuela and Iran could tighten supply further. However, OPEC has significant spare capacity to offset upward price pressures. In 2019, U.S oil production will expand further while substantial transportation capacity will be added.