Oil prices need one of two things to see revival to sustainability >$50/bbl WTI.
1. OPEC extension to cuts beyond spring 2018, but is this really a sustainable model for the commodity? I don't think so... eventually OPEC member nations will try to flood the market and win back market share again, or the deal amongst the OPEC member nations will erode beyond that 90%-95% commitment level where nations are following what's been agreed. I can foresee a few member states cheating a bit more, basically as their public finances continue to be problematic.
2. Geopolitical event of some major magnitude disrupting supply. For example, Iran going to war against Saudi Arabia or blocking oil shipments in Straight of Harmuz, or something like that.
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