The month is coming to an end, the United States of America has inaugurated its 45th President, and the WTI crude oil index is hovering just above $51/bbl. Shortly after U.S. election day, November 8, 2016, prices dropped to $43.32/bbl before shooting up to $53.99/bbl in early January 2017. Experts believe the rise in crude oil barrel prices are less dependent on the U.S. presidency and more on the Organization of Petroleum Exporting Countries’ (OPEC) decision to cut production. Unfortunately, the United States and other non-OPEC members are not participating in this production freeze and are actually saturating the market. The increased production in oil by the U.S. is potentially the reason why oil prices have not risen to the forecasted $60/bbl.