Tuesday, October 24, 2017

OPEC's Fake Results and Upcoming Quagmire


INO.com Traders Blog http://ift.tt/2h699X4

OPEC’s market monitoring committee reported that OPEC reached “120% compliance” with the production adjustments. It also reported that commercial OECD stocks had been reduced by 178 million barrels “since the beginning of the year.” In reality, OPEC exceeded its collective production limit by about 850,000 b/d in September. It reported production at 32.748 million barrels […]

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