Crude Oil MCX Tips Today – Buy Call Rocking 2900 To 2999 – Money Hai To Honey Hai – Crude Oil yesterday settled up by 2.19% at 2899 lifted by comments from doctors for U.S. President Donald Trump suggesting he could be discharged from hospital soon, just a few days after his positive coronavirus test sparked widespread alarm.
Libya’s oil output has risen to 270,000 barrels per day (bpd) as the OPEC member ramps up exports following the easing of a blockade by eastern forces, a Libyan oil source told. The country’s National Oil Corporation (NOC) had said it expected production to rebound to 260,000 bpd this week.
OPEC oil output has risen for a third month in September, as a restart of some Libyan installations and higher Iranian exports offset strong adherence by other members to an OPEC-led supply cut deal.
The 13-member Organization of the Petroleum Exporting Countries pumped 24.38 million bpd on average in September, the survey found, up 160,000 bpd from August’s revised figure and a further boost from the three-decade low reached in June.
U.S. crude stocks and distillate inventories fell in the latest week as refiners picked up processing rates, though fuel demand weakened, the Energy Information Administration said. Crude inventories fell by 2 million barrels in the week to Sept. 25 to 492.4 million barrels.
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