Oil jumps off lows, IEA sees H1 deficit after OPEC cuts

15 March 2017, London — Oil prices climbed more than $1 on Wednesday, lifted by a surprise drawdown in U.S. inventories and data from the International Energy Agency (IEA) suggesting OPEC cuts should create a crude deficit in the first half of 2017. “For those looking for a rebalancing of the oil market the message […] More »