INO.com Traders Blog http://ift.tt/2m7qzWe OPEC agreed to cut oil production by 1.164 million barrels per day beginning in January. Non-OPEC producers agreed to cut production around 560,000 b/d. The agreements were silent on exports. Thus far, U.S. crude oil imports have been rising, despite the OPEC-non-OPEC cuts. In the year-to-date, net crude imports averaged 7.583 million barrels per day, […]
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