Oil glut reduces by 265mb since January 2017

Oil glut reduces by 265mb since January 2017

*As global economic growth forecast at 3.8% for 2017, 2018 OpeOluwani Akintayo 22 February 2018, Sweetcrude, Lagos —Commercial oil stocks in the Organisation for Economic Co-operation and Development, OECD rose in January 2018 (typical for the season) and remained 74 million barrels above the latest five-year average, representing a reduction of over 265 million barrels …

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