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Oil ends in New York City

NEW YORK, January 31 (Reuters) – Oil prices
On Thursday, the inappropriate order in the New York Nymex market,
The fights between the prediction of gross output growth
November in the United States and decline in supply
OPEC in January.

March contract for light crude oil (West Texas)
Intermediate, WTI) 44 cents, or 0.81, 53.79
Dollar barrels.

Brent of the same kind has made his move forward
24 cents (0.39%), 61.89 dollars.

The gross output of the United States has been a peak
11.9 million barrels per day (bpd) in November, up
345,000 bpd per month, announced Thursday the American Agency
Energy Information (EIA).

On the other hand, OPEC oil supply
The biggest drop in January in its two years shows a Thursday
The Reuters survey, Saudi Arabia, its largest exporter,
Iran expected more than its limited pumping,
Libya and Venezuela were subject to restrictions
unwanted production.

The Petroleum Exporting Peoples Organization has been created
30.98 million barrels (bpd) per month, or 890,000 per month
bpj less than December, the most significant decline
From January 2017

Research suggests Saudi Arabia and its allies
They are more respectful than the commitments beyond the limits of the Gulf
to prevent more market accumulation supplies.

(Jessica Resnick-Ault, Patrick Vignal at the French service)

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