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"The counterseasonal nature of the draw is also notable as we ought to be seeing builds on the back of fall refinery maintenance," the JCB analysts said. This reduction in stocks in the world's largest oil consumer has added to bullish sentiment that arose after the Organization of the Petroleum Exporting Countries (OPEC) proposed to cut or at least curb oil production. While many remain skeptical about OPEC's ability to strike and effectively implement a deal at a Nov. 30 meeting, the notion of coordination among the 14 member states has at least put a floor under Brent and WTI prices at around $50 a barrel.
Market Trends

United States Export Prices December of 2017

United States Export Prices December of 2017 US exports edged down 0.1 percent 0.5 percent rise in the previous month 14.4 percent slump in vegetable prices   Export Prices  – nonagricultural industrial supplies and materials and automotive vehicles decreased Prices for US exports edged down 0.1 percent month-over-month in December of 2017, following a 0.5 percent […]