Global Oil Inventories Continue to Climb Amid Middle East Tension, OPEC Output Cuts – Bloomberg

Global Oil Inventories Continue to Climb Amid Middle East Tension, OPEC Output Cuts – Bloomberg:

The U.S. Energy Information Administration said domestic oil inventories fell by 3.1 million barrels last week, more than any of the 12 analysts in a Bloomberg survey expected. Saudi Arabia, Iraq and the United Arab Emirates -- OPEC’s three biggest members -- all want to keep restraining production amid signs of faltering economic growth, according to statements in recent days. Kevin O'Brien, chief business officer at Orbital Insight, talks with Bloomberg's Alix Steel about global oil inventories. (Source: Bloomberg_TV)