OPEC+ crude oil output drops by 700K b/d in November – Platts survey
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According to the latest Platts survey by S&P Global Commodity Insights, the oil output produced by OPEC and its allies (OPEC+) dropped by 700,000 b/d in November, the steepest monthly decrease since April when Russian production plunged due to sanctions.
WTI has bounced from lows on the above report, trading at $71.76, up 0.25% on the day, at the time of writing.
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