06DEC2017 - NEWS - Fear will lead to higher oil prices in 2018

The price of oil is always depending on two factors which are the cyles of fear and complacency. Generally in a cycle of fear, geopolitical events may lead to soaring oil price where as during the cycle of complacency, oil prices will fall on bad news (e.g., the appearance of too much supply or weakening demand), but often seem immune to bullish news. "Peak Oil" was helping to drive the fear cycle a decade ago. In 2018 as the market continues to tighten, prices will continue to rise, but the fear cycle will gradually become more prominent.