15 to 21 January: Shut-down

Oil prices took a breather from their recent rally last week. Given the production caps in place for OPEC member, the IEA in Paris published an interesting report, which forecasts the US could surpass Saudi Arabia as an oil producer in 2018 as shale production comes on-line at higher prices. US production in 2017 was the highest for almost 50 years.

This week we have central bank meetings in Europe and Japan and ongoing discussions in the US to unlock the government shut down.

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