OPEC Upgrades Demand for its Oil. Would that Affect Output Cut Decision?

Posted November 14th, 2017 by LavernC35bb and filed in General News

Oil prices take a breather after recent rally has taken both benchmarks to the highest level in over two years. The current reason for profit-taking is surging US shale production which might offset the efforts of further OPEC/ non-OPEC cut. At the time of writing this report, the front-month WTI contract is trading at 56.63, down -0.25% from Monday’s close.

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OPEC Upgrades Demand for its Oil. Would that Affect Output Cut Decision?

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