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Are Oil Markets Ignoring Demand? - OilPrice.com
CNBC | Are Oil Markets Ignoring Demand? OilPrice.com To the surprise of many, the OPEC and NOPEC deal is not only holding but overperforming. The compliance rate stands at 91 percent, with the recent OPEC Oil Market Report declaring a total cut of 890,000 bpd. Saudi Arabia has been cutting more than it ... US crude settles at $53.11, down 9 cents, after US stockpiles soar to record Oil reverses course and pulls back after brief rally Oil: The Crude Facts |
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