Oil: U.S. Output and OPEC Production Cuts

Off The Charts! examines the pertinent economic issues of the day, providing a deeper dive into complex topics and framing the issues in a way that can lead to a better understanding of the financial and commodities markets.

        • Duration 05:47
        • The trajectory of oil prices will depend on whether U.S. inventories continue to fall, OPEC members adhere to output cuts, and if U.S. production rises.
      • 05:47
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About the Presenter

Erik Norland is Executive Director and Senior Economist of CME Group. He is responsible for generating economic analysis on global financial markets by identifying emerging trends, evaluating economic factors and forecasting their impact on CME Group and the company’s business strategy, and upon those who trade in its various markets. He is also one of CME Group’s spokespeople on global economic, financial and geopolitical conditions.

View more reports from Erik Norland, Executive Director and Senior Economist of CME Group.

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Find out which products move in tandem with WTI Crude Oil futures and those that don't by using this simple yet powerful interactive tool, which also works for benchmark products across all CME Group asset classes.

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