Oil prices rose today as Saudi Arabia is reportedly pushing for a production cut of an additional 1MM/bpd. Investors have focused their attention on tomorrows OPEC meeting on expectations of fresh supply cuts. “All eyes are on the Nov. 30 OPEC meeting, and the fine details will matter,” CFRA analyst Stewart Glickman said. The EIA reported a surprise build in crude, distillate, and gasoline inventories. WTI traded up $1.45 or 1.9% to close at $77.86. Brent traded up $1.42 or 1.7% to close at $83.10.

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Stampede
  • Where: Calgary
  • Attending: David Cohen (954-729-4774), Curtis Chandler(239-405-3365), Cyndi Popov (403-402-5043)
swars
swars
  • Where: Loews Arlington Hotel
  • Attending: Brian Baker (239.297.4519), David Cohen (954-729-4774), and Curtis Chandler (239-405-3365)
  • Conference Website
AARs
  • Where: The Westin Galleria Dallas
  • Attending: David Cohen (954-729-4774), and Curtis Chandler (239-405-3365)
  • Conference Website
sears
  • Where: The Westin Galleria Dallas
  • Attending: Brian Baker (239.297.4519)
  • Conference Website