The WTI front-month contract rose $1.68, or 3.3%, last week to settle at $52.61/
bbl. Trading was volatile as OPEC and Russian officials sent mixed signals concerning
possible supply cuts. It took until Friday to reach a formal agreement, but the Vienna Pact
will cut 1.2 MMbo/d to stabilize and boost global oil prices and fend off another supply glut.
Meanwhile, the market is weighed
down by fear of a renewed US-China trade
dispute that would hurt global economic
growth and......
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