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OPEC

monthly Oil market ReportOPEC18 January 2017 Feature article:Monetary policies and their impact on the oil marketOil market highlightsFeature articleCrude oil price movementsCommodity marketsWorld economyWorld oil demandWorld oil supplyProduct markets and refinery operationsTanker marketOil tradeStock movementsBalance of supply and demandMonthly endnotes13510143040556266748187 Organization of the Petroleum Exporting CountriesHelferstorferstrasse 17, A-1010 Vienna, AustriaE-mail: prid(at) : monthly Oil market report January 2017 1 Oil market highlights Crude Oil Price Movements The OPEC Reference Basket jumped nearly 20% in December to $ , ending above $50/b for the first time in 18 months.

OPEC Monthly Oil Market Report – January 2017 3 Monetary policies and their impact on the oil market Monetary policies continue to have an important influence on the global economy and recent efforts by

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