Price rally extends as supply outlooks tighten following US crude draw

Price rally extends as supply outlooks tighten following US crude draw
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05.11.2020

MOSCOW (MRC) -- Oil futures settled higher Nov. 4 as the market eyed tightened supply outlooks following a US inventory draw and the possibility of extended OPEC+ production cuts, reported S&P Global.NYMEX December WTI climbed USD1.49 to settle at USD39.15/b and ICE January Brent was up USD1.52 at USD41.23/b.US commercial crude stocks moved 8 million barrels lower in the week ended Oct.

Full article at mrcplast.com

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