Yet, in an effort to further their influence over world crude supplies, the two countries are now reportedly working on a deal to actively manage markets for potentially the next 20 years. (cnbc.com)
Further, it noted that crude supplies still remain at historically high levels for this time of year. (fool.com)
West Texas Intermediate crude oil futures have surged to a one - month high on expectations for the first decline in weekly U.S. crude supplies in nearly three months as well as news that a key pipeline will begin service at the start of the year, relieving the glut of oil in the middle part of the... (nbr.com)