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OPEC crude production held steady in December 2017 at about 32.47 million barrels per day, according to a Bloomberg News survey of analysts, oil companies and ship-tracking data. The group approached 2018 with output curbs in full compliance with its supply deal.
Steady OPEC output with full compliance keeps supply tight relative to demand, which offers mild support to crude prices heading into 2018.
bloomberg.comAngelina Rascouet, Julian LeeJan 3, 2018After 41 past neutral report events, Crude Oil (Brent) moved a median -1.4% over 5 sessions (41% higher; middle half -4.0% to +1.9%), and +1.8% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
