Is the Oil Price Going to Keep Going Up?

Is the Oil Price Going to Keep Going Up?

The price of oil jumped on Tuesday as OPEC considered cutting 1-2 million barrels of production per day. Why is oil still so volatile and what can we expect in the future? Travis Hoium covers that in the video below, including why Phillips 66 (NYSE: PSX) and ExxonMobil (NYSE: XOM) are positioned to profit no matter what happens and why you should avoid United States Oil Fund (NYSEMKT: USO).