1/19/2017

OPEC output cuts under scrutiny as market tightens: IEA — Reuters LONDON World oil markets are slowly tightening as demand rises while investors wait to see if production cuts agreed by OPEC and other producers will be implemented as promised, the International Energy Agency (IEA) said on Thursday.

7:37 am EST. Oil rallies from one-week low as IEA sees tighter market — Reuters LONDON Oil prices recovered from a one-week low on Thursday as the International Energy Agency said oil markets were tightening even before cuts agreed by OPEC and other producers took effect.

3:27 PM EST. Oil edges up from one-week low as IEA sees tighter market — Reuters NEW YORK Oil prices edged higher on Thursday, but swelling U.S. crude stockpiles limited the rebound from a one-week low after the International Energy Agency said oil markets had been tightening even before cuts agreed by OPEC and other producers took effect.