• Oil Stalls As Crude Inventories Climb

    2 monthes ago - By ETF Daily News

    From Tyler Durden : After last week's biggest inventory build since 2008 , headlines confirming Russia is seeking a roll-back of oil-cuts saw selling pressure ahead of the API data which confirmed last week's surprise builds in crude, gasoline, and distillates.
    Bloomberg reports that Russia plans to propose that OPEC and its allies be allowed to return production to October 2016 levels, rolling back most but not all of their output cuts within three months, according to a person familiar with Russian thinking.
    The nations would proportionally share out a 1.8 million barrel-a-day increase...
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