Crude Oil News

Crude oil Attend Full Conformity of the Opec deal as US shale oil Focus Pressure

Crude oil Attend Full Conformity of the Opec deal as US shale oil Focus Pressure

Crude oil Attend Full Conformity of the Opec deal as US shale oil Focus Pressure 

Crude oil prices showed signs of moving higher from their recent range last week, but were back within the range by the end of it. While expectations of a tighter market and better compliance of output cuts supported the prices on the lower side, rising US rig count weighed on the upside. Combined Opec and non-Opec compliance to output cuts has been around 86 per cent, suggesting that full compliance may be seen in the coming weeks.On the other end, US supplies are expected to edge .. 
 

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