Latest OPEC bulletin and forecasts now published 13 Nov

  • trims 2018 non-OPEC oil supply growth f/c to 870k bpd vs 940k prv
  • demand for OPEC crude revised up by 360k bpd
  • size of oil supply overhang has fallen considerably since start of the year

Ntg we didn't really know given all the bleating and rhetoric in recent weeks.

Full report here

Oil prices continuing their already bid tones this morning.