Oil prices in 2019? It's all about the economy: Kemp | Reuters

Oil prices in 2019? It's all about the economy: Kemp | Reuters:

Oil prices this year will be influenced primarily by the health of the global economy, which is why prices have closely tracked equity and bond markets in recent months.

U.S. shale production growth, the policy of OPEC and its allies, U.S. sanctions on Iran, and the threat of sanctions on Venezuela may all have an impact on the price of a barrel.

But that impact will be secondary and it is more likely to be crude prices that determine what happens with U.S. shale, OPEC+ policy and U.S. sanctions (tmsnrt.rs/2TbHKnA).