Oil prices appear poised to level off after a nearly six-month rally pushed futures to 2½-year highs at the close of 2017, analysts say. But several geopolitical hot spots could keep the run-up in the energy complex alive.
The oil market owes much of its gains to OPEC and Russia’s deal to limit output this year. International benchmark Brent crude ended the fourth quarter nearly 18 percent higher, near $67 a barrel, while U.S. crude surged nearly 17 percent to more than $60.
