Oil prices pulled back slightly following the release of the Baker Hughes rig count report, but geopolitical risk still remains, and with the assumption that OPEC will extend its production cut deal, oil bulls are very much alive and well. Friday, November 10, 2017 Oil prices showed some weakness mid-week on news that U.S. oil production jumped, but benchmark prices firmed up on Thursday, putting WTI and Brent on track for their fifth consecutive weekly advance. Oil prices are closing in on the longest streak of weekly gains in more than a year. OPEC revises up expectations of U.S. shale supply . OPEC released its annual World Oil Outlook this week, in which the group dramatically upgraded its expectations for U.S. shale. OPEC sees U.S. shale output ballooning […]