» » Weekly Fundamentals - Awaiting OPEC Deal

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Crude oil has been experiencing volatile trading in recent weeks as the market gauges the possibility of an output cur/freeze deal at the formal OPEC meeting on November 30. Both the WTI and Brent crude benchmarks rose above US$50/bbl in early-mid October as OPEC announced on September 28 that the members tentatively agreed to limit production, reducing the aggregate output to 32.5-33M bpd.


from Oil N' Gold Focus http://www.oilngold.com/ong-focus/insights/weekly-fundamentals-awaiting-opec-deal-2016112633892/
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