US oil seeing some bids (but muted reaction)

Author: Giles Coghlan | Category: News

US Oil 

The reaction in US Oil has been muted on the risk on flows. This is understandable as: 

  • OPEC is in no hurry to deepen output cuts
  • US inventories level are rising 
  • Needs December OPEC output meeting to announce deeper cuts to put some more support under oil 
US Oil 
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