IEA Indicates Oil Balance Outlook Depends on OPEC Production

Posted October 13th, 2017 by MarcellaMcBurney and filed in General News

Crude oil prices retreated for the first time in 4 days as trader took profit. The losses were contained by a report showing US inventory decline last week. The front-month WTI crude oil contract dropped -1.36% while the Brent contract was down -1.21%. Refined oil products also fell with the heating oil contract and RBOB gasoline contract losing -1.15% and -1.62% respectively.

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IEA Indicates Oil Balance Outlook Depends on OPEC Production

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