Comment on Forget OPEC: This Is an Even Bigger Catalyst for Oil Stocks

Forget OPEC: This Is an Even Bigger Catalyst for Oil Stocks

Last week, the biggest news out of the oil patch was that OPEC agreed to hike its output by 1 million barrels per day (BPD) starting next month. That announcement drove oil prices higher because OPEC didn't boost production as much as some thought it might. However, while that news grabbed headlines, an under-the-radar report about issues at Suncor Energy's (NYSE: SU) Syncrude oil sands facility in Canada could have an even bigger impact on oil prices in the U.S.

 

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