Good for the Airlines, Cheaper Oil, 2018 outlook more brighter for the Airliners:)
http://money.cnn.com/2017/06/14/news/economy/oil-glut-iea-2018-opec/index.html
"Whatever it takes: The International Energy Agency published its first look at 2018 on Wednesday, and the report contains some very bad news for OPEC.
OPEC has been trying for months to eliminate a glut of excess supply that has kept prices from rising. The cartel has pledged to do "whatever it takes."
But its efforts have been blunted by a massive boom in production by U.S. shale operators. The IEA said Wednesday that the trend is likely to continue into next year, with production by non-OPEC nations growing more quickly than global demand.
"'Whatever it takes' might be the mantra, but the current form of 'whatever' is not having as quick an impact as expected," the IEA said.
U.S. crude oil futures dropped 1.4% to trade at $45.84 after the report was released."
Oil drops to 7-month low,