Instrument
The S&P GSCI Crude Oil Total Return Index (OIL) reflects the returns that are potentially available through an unleveraged investment in the West Texas Intermediate crude oil futures contract. In other words, the return on the index is directly proportional to the return on the value of the crude oil futures contract. Therefore, the decision to invest in this index should be made after analyzing the oil market.
Analysis
First of all, let's recall what OPEC decided on December 6:
The 7th OPEC and non-OPEC Ministerial Meeting, hereby decided for