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OPEC optimistic about output cuts

Published 04/19/2017, 06:29 AM
Updated 04/19/2017, 06:29 AM
© Reuters.  OPEC optimistic about output cuts
  • March's compliance data shows "higher conformity" with the OPEC, non-OPEC supply cut pact reached late last year, OPEC Secretary-General Mohammad Barkindo told a conference in Abu Dhabi.
  • "Our collective action will continue to prove effective," he declared, adding that the group will decide at its May 25 meeting whether to extend output cuts beyond June.
  • Crude futures +0.3% to $53/bbl.
  • ETFs: USO, OIL, UCO, SCO, BNO, DBO, DTO, USL, DNO, OLO, SZO, OLEM, DWT, OILK, OILX, UWT, WTID, WTIU


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