Weekly Fundamentals - Choppy Oil Price Movement Signals Doubts over Rebalancing and OPEc COmpliance

Crude oil prices edged higher on the first week of 2017. Yet, the choppy trading pattern signaled doubts over OPEC's compliance on production cut. Undeniably, USD strengthened also limited gains. Oil prices might still have room to climb higher from current levels with limited upside, though.

from Oil N' Gold Focus http://www.oilngold.com/ong-focus/insights/weekly-fundamentals-choppy-oil-price-movement-signals-doubts-over-rebalancing-and-opec-compliance-2017010834064/