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Traders are gauging U.S. stockpiles and production figures ahead of a key OPEC meeting later this month where the cartel and allied producers will discuss relaxing output caps.
Oil Climbs as U.S. Stockpiles Point to Tightening Supply Picture
published Jun 5, 2018, 2:44:38 PM, by Jessica Summers (Bloomberg) — Oil rose for the first time in four sessions as traders braced for a U.S. government report that’s expected to show sliding domestic crude stockpiles. Futures rose 1.2 percent in New York on Tuesday. Twelve of the 13 analysts