Tag Archives: Oil markets

[ad_1] The OPEC + technical meeting ended Monday with widespread support for a three-month extension of the current level of oil production cuts, sources told Reuters Monday. OPEC sources hinted last week that many members were in favor of extending the production cuts that were expected to fall by 2.0 …

[ad_1] The American Petroleum Institute (API) reported on Tuesday a major drawdown in crude oil inventories of 5.147 million barrels for the week ending November 6. Analysts had predicted an inventory draw of only 913,000 barrels. In the previous week, the API reported an incredibly large drawdown in oil inventories …