The selloff in crude oil prices was tamed as Libya’s OPEC Governor Samir Kamal noted that the cartel on November 27 might agree to stop producing over its target, signaling output might drop by -0.6M bpd. Sentiment was less bearish as the DOE/EIA report showed that distillate inventory fell more than expected.
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Crude Steadied as OPEC Might Agree Not to Exceed Quota
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