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OPEC and non-OPEC countries in the voluntary production cut deal reached a record 129% conformity level in December 2017, according to the Joint Monitoring Committee. The average conformity for the deal's first year was 107%.
Higher compliance with output cuts tightens the crude market, which supports oil prices and energy-linked input costs.
offshore-energy.bizOffshore Energy TodayJan 22, 2018After 116 past bullish report events, BRENT moved a median +1.3% over 5 sessions (66% higher; middle half -1.0% to +3.1%), and +2.0% 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.
