Crude tests one-year highs as market eyes OPEC+ compliance, improving demand outlook

摘要

Crude futures settled near one-year highs Feb. 2 amid a focus onOPEC+ production compliance and improved demand outlooks.NYMEX March WTI settled $1.21 higher at $54.76/b and ICE AprilBrent climbed $1.11 to $57.46/b.A second OPEC production survey, this time by Bloomberg,confirmed the group's over-compliance to cuts in January, withproduction coming in at around 120,000 b/d less than the 22.12 millionb/d agreement.