Oil Price Update - Q4 2016
Global oil supply and demand edging towards equilibrium
The Brent Crude spot price continues its recovery. It is now some 97% higher since the low in January 2016 of US$27/bbl. Recently at the Vienna meeting on November 30th, OPEC confounded sceptics by agreeing to cut production by 1.2m bbls/d which had an equally positive impact supporting oil prices.
Read more about the oil markets in this Oil Price Update
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