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Oil rallies to 3-week high as US output slips - MarketWatch
MarketWatch | Oil rallies to 3-week high as US output slips MarketWatch Prices also continued to draw support from estimates that show that major oil producers are easing back their production levels. Reuters estimated compliance in OPEC, with an agreement to cut member output by 1.2 million barrels, at 82% in January. US crude settles at $53.88, rising 2% on signs Russia and OPEC are cutting output Oil market waits for Opec-shale tug of war to end Oil pares gains on bigger-than-expected US crude build |
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