Oil Jumps On Growing Support For OPEC Deal Extension OilPrice.com Oil trade down 16 percent this year. The FT reports that the volume of oil moving on tankers at sea has declined by 16 percent so far this year compared to a year earlier, a sign that the OPEC cuts are having a tangible effect. The rise of U.S. shale ... Why An OPEC Deal Extension Won't Lift Oil Prices |