March 20, 2017
WINNING THE WoT:
Oil drops on rising U.S. drilling, steady OPEC supply (Henning Gloystein, 3/20/17, Reuters)
Traders said that prices came under pressure from rising U.S. drilling and ongoing high supplies by the Organization of the Petroleum Exporting Countries (OPEC) despite its pledge to cut output by almost 1.8 million barrels per day (bpd) together with some other producers like Russia.
Posted by Orrin Judd at March 20, 2017 5:55 AM