Oil Wobbles As OPEC Deal Comes Under Scrutiny

By Matt Smith Oil has got the wobbles after yesterday’s rally, giving up gains as the dollar bounces from its lows. As OPEC compliance comes under scrutiny once more, hark, here are five things to consider in oil markets today. 1) Stat of the day comes from the EIA, which shows that crude by rail in the U.S. averaged 477,000 bpd last year (including shipments from Canada), down from 754,000 bpd in the year prior. The flow of crude from the Midwest to the East Coast accounted for 77 percent of this drop, down by 212,000 bpd in 2016 to average 158,000 bpd.

Read Full Article Here

For more great articles: OilPrice.com Daily News Update

(Visited 20 times, 1 visits today)

Comments

comments


Tagged:


© 2014 RenewaNews