Saudi’s Exports Cut Merely A Trick

Posted October 11th, 2017 by WaldoBass9 and filed in General News

In the commodity sector, crude oil expended gains for a second consecutive day. The front-month WTI crude oil contract settled above US 50/bbl again, gaining +2.7%. The Brent crude contract added +1.47%. The market was thrilled by the new reports that Saudi Arabia has cut November export allocations by 560K bpd and OPEC is persuading some independent US oil producers and hedge funds to join balancing demand/supply.

Original post:
Saudi’s Exports Cut Merely A Trick

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