OIL - OPEC's 82% compliance with output cut agreement: "a good number"

The 82% number is from a Reuters survey, for January:

• Supply from the 11 OPEC members with production targets under the agreement has averaged 30.01 million bpd


• That"s down from 31.17 million bpd in December

Compared with the levels that the countries agreed to make the reductions from -- in most cases their October output -- OPEC members have cut production by 958,000 bpd of the pledged 1.164 million bpd, equating to 82 percent compliance

More at Reuters here

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You may have noticed I am a bit biased on this ... these sorts of agreement usually break down,

They end in tears. ;-D

So ... give it time

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ps. dunno if this got a run on FXL overnight (I only did a cursory search), so if it did ... apols for the repeat!

OIL - OPEC"s 82% compliance with output cut agreement: "a good number"
OIL - OPEC"s 82% compliance with output cut agreement: "a good number"
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