You are here

Opec convinces investors its oil output cuts are real

Money managers most optimistic on WTI prices in a decade as producers reduce crude output

BT_20170131_KYOPEC31_2716259.jpg
Opec will reduce supply by 900,000 barrels a day in January, the first month of the accord's implementation, which is about 75 per cent of the cut that the producer group has agreed to make.

New York

THE Organization of the Petroleum Exporting Countries (Opec) appears to have persuaded investors that it is making good on promised production cuts.

Money managers are the most optimistic on West Texas Intermediate (WTI) oil pricesĀ in at least a decade as Opec and other

sentifi.com

Market voices on:

Powered by GET.comGetCom