Oil Climbs as Falling U.S. Rig Count Seen Further Curbing Output

Updated on
  • U.S. rigs targeting oil fell by 8 last week: Baker Hughes
  • WTI-Brent crude spread was narrowest since January last week

OPEC Speculates $80 Oil by 2020

Oil advanced on signs that producers are investing less in drilling, which could take a bigger bite out of falling U.S. crude production.

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