OPEC Production Down, US production UP

OPEC"s MMOR for November shows production lowest in six months. While Nigeria really upped its production by 95,800 barrels per day, Saudi, UAE, Angola, and Venezuela (involuntarily, of course) all made up for it and then some.

Meanwhile, US oil production is up to 9.707 million barrels per day.  Before OPEC deal, production was 8.699 million bpd. 

 

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