Weekly Fundamentals - Awaiting OPEC Deal
LeeNewport10950Crude oil has been experiencing volatile trading in recent weeks as the market gauges the possibility of an output cur/freeze deal at the formal OPEC meeting on November 30. Both the WTI and Brent crude benchmarks rose above US$50/bbl in early-mid October as OPEC announced on September 28 that the members tentatively agreed to limit production, reducing the aggregate output to 32.5-33M bpd.
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Weekly Fundamentals - Awaiting OPEC Deal
