Oil sees moderate jump as OPEC begin crucial talks
Crude oil price racing towards the $50 per barrel mark Wednesday, a day OPEC retracing some of yesterday’s losses overnight. According to a note by Goldman Sachs, the improvement in the price of oil is coming despite net bearish API data (Crude: -717k, Cushing: +2.4m, Gasoline: +3.4m, Distillates: +2.2m). Analysts say market sentiment now appears to lean towards an…
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