OPEC Production Cut of 1 MMBOPD Would Raise Oil Prices About $3; Equal Demand Growth Would Add another 4$
As OPEC’s November 30 meeting in Vienna draws closer, the outlook for a production cut agreement is mixed. Sentiment has been positive today with WTI rising 5.2% to above $45 after falling 4% in previous trading sessions.

A positive report from Bloomberg yesterday triggered a wave of short covering, helped by news of an attack on the Nembe Creek Trunk Line oil pipeline in Nigeria. While Qatar, Algeria, and Venezuela are pushing a last d...

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