“The price performance depends on the length of OPEC oil production agreement optimistic or pessimistic,” Williams said.

He said that if the November 30th OPEC meeting did not reach an agreement to cut output, prices could fall below $40.

Beck Hughes said that as of November 18th week United States added active rigs 19 seats, and 471 seats, the biggest increase since last July.

Rise in oil prices is limited, due to a sharp rise in the dollar against a basket of currencies, rose to the highest in 2003, the U.S. Federal Reserve Board (FED/ fed) chairman Yellen said on Thursday, Trump was elected president of the United States did not change the Fed’s “relatively fast” Shengxi plan.