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Friday, 30 June 2017

Oil Set for Longest Winning Streak in Six Months as Supply Eases - Bloomberg

Oil Set for Longest Winning Streak in Six Months as Supply Eases - Bloomberg:

"Oil is heading for the longest run of gains in six months as signs of slipping U.S. supply ease pressure on OPEC-led curbs. Futures added as much as 0.9 percent in New York, advancing for a seventh session. U.S crude output last week fell by the most in almost a year amid field maintenance in Alaska and tropical storm Cindy, while stockpiles posted the smallest gain in 2017. OPEC and its partners don’t plan to discuss deeper cuts when they meet next month, according to the United Arab Emirates."



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