Up 2.58%
The WTI futures are settling the day up 19 $.33 or 2.5%. The High price extended to $54.51. The low price was $52.55
The Non- OPEC producers met this weekend and although they cut by less than the 600K bpd target talked about last week (558K), it was close enough and the price squeezed higher. The OPEC countries cut production by 1.2B bpd previously.
