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Oil Rises On EIA Data Despite OPEC Deal Doubts

OilPrice.com Wednesday, 23 November 2016 ()
  Happy Thanksgiving Eve! A fairly neutral EIA report - tilted a wee bit bullish for crude, bearish for the products - has been a welcome distraction, before a surgical focus has returned to every rumor and murmur out of OPEC delegates. So to distract from all of this, hark, here are six things to consider in oil markets today: 1) This splendid CNBC article is based on our ClipperData. Via a number of charts it highlights the ramp up we have seen in Saudi, Iraqi - and particularly - Iranian oil exports. The chart below highlights how Iranian…
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Source: Reuters Studio - < > Embed

News video: Oil tumbles on doubts over OPEC production cut

Oil tumbles on doubts over OPEC production cut 01:12

Oil prices have fallen almost 4 percent on signs leading oil exporters in OPEC were struggling to agree on a deal to cut production to reduce global oversupply. As Laura Frykberg reports, Brent saw the biggest daily percentage decline since early September.

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