Fortune | Oil Prices Hit 16-Month High After OPEC Deal Fortune “OPEC sentiment continues to support oil markets. Speculative short positions are still at elevated levels and as more traders unwind these positions they could trigger more support for oil prices,” said Hans van Cleef, senior energy economist at ABN ... Here's What Oil Did The Last Time OPEC Cut Production Oil prices log highest settlement since July 2015 OPEC to Seek More Oil-Output Cuts from Nonmembers |