MCX Crude Oil Tips – Hit Full Target, Paid Member’s Daily Mint Money. Oil hit an 11month high on Wednesday, boosted by a draw in U.S. crude and gasoline stocks, which fuelled demand recovery hopes as OPEC+ has forecast that the market will be in deficit in 2021.
- Crude Oil gained after major producers showed they were cutting crude output in line withtheir commitments on restraint.
- Russia’s January oil output up 120,000 bpd to 10.16 mln bpd.
- Tight oil-market in firsthalf could push crude to $65, says Goldman.