US Oil Inventories Reflect Fate of Opec Cut

摘要

Opec's deal to cut 1.2 million barrels per day of supply has boosted Europe's Brent and US West Texas Intermediate by $7 in the past two days, but there's still no consensus whether this move will be enough to prevent further accumulation of inventories in the first half of next year, which remains a primary concern for the group (OD Dec.1'16). Analysts agree that US stock levels will be a good bellwether for Opec's progress in working off heavy stockpiles, as the US has the world's most transparent, weekly updated data points - and the largest inventories.