US oil prices end above $50 for first time since July

US oil prices breaks the $50 mark since July. Is this a sign that soon, Oil & Gas practitioners will be seeing the light at the end of the tunnel. This gives hope that the norm of job cuts will soon be over.

The recent OPEC meeting was another failure. The greed of OPEC members is causing the delay of the rebound of oil prices. Thankfully, political instability in some OPEC member countries including the recent wild fires in Canada are contributing to the rise of oil pirces. Analyst forecasts that there will be oil shortage in 2017.