U.S. Erased 9 Months of OPEC Output Cuts in Just Two Weeks

The U.S. has wiped out nine months of OPEC output cuts in just two weeks. The 11 members of OPEC bound by the output deal cut their production in September by 1.041 million barrels a day from their combined reference production level. The U.S. in the last two weeks -- after recovering from the impact of Hurricane Harvey -- boosted its crude oil exports by 1.056 million barrels a day.

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