OPEC said to reach deal to limit oil production - Reuters (OIL) (USO)
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OPEC agrees on production limit of 32.5M - 33M b/d - Zanganeh
September 28, 2016 4:04 PM EDTOPEC agrees on production limit of 32.5M - 33M b/d - Zanganeh
... MoreOPEC said to prepare final statement at informal Algers talks - Bloomberg (USO) (OIL)
September 28, 2016 3:40 PM EDTOPEC said to prepare final statement at informal Algers talks, according to Bloomberg.
... MoreOPEC agrees to limit oil output at 32.5 million barrels per day
September 28, 2016 1:20 PM EDTALGIERS (Reuters) - OPEC agreed on Wednesday to reduce its oil output to 32.5 million bpd from the current production levels of around 33.24 million bpd, two OPEC sources told Reuters.
The producing group will agree concrete levels of production by each country at its next formal meeting in November,... More
OPEC may announces an agreement on an output freeze in Algiers but no full detail until November - Reuters
September 28, 2016 12:34 PM EDTCrude ticks higher on reports from Reuters, OPEC may announces an agreement on an output freeze in Algiers, but no full detail until November.
... MoreOil climbs after industry data shows U.S. inventory draw
September 27, 2016 8:37 PM EDTBy Keith Wallis
SINGAPORE (Reuters) - Oil prices rose in mixed trading on Wednesday, after sharp losses in the previous session, as industry data showed a surprise draw in U.S. crude stocks, although worries over a lack of agreement among producers to curb output kept a lid on gains.
Brent crude rose 24 cents to $46.21 a barrel as of 0502 GMT after settling down $1.38, or 2.9 percent.
U.S. West Texas Intermediate (WTI) crude was up 11 cents at $44.79 a barrel after climbing as high as $45.09 in earlier trading. The benchmark ended down $1.26, or 2.7 percent, in the previous session.
... More
