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REUTERS – Oil markets cling to near 3-year highs on tighter U.S. market

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by January 11, 2018 General

Oil markets cling to near 3-year highs on tighter U.S. market

Contributed by NAMPA / Reuters.

* US oil production posts surprise fall to 9.5 mln bpd
* US crude stocks drop below 5 year average of 420 mln
barrels
* But US fuel inventories post rise amid ample supplies
* Analysts warn oil markets may have overheated
By Henning Gloystein
SINGAPORE, Jan 11 (Reuters) – Oil prices held near
three-year highs on Thursday, supported by a surprise drop in
U.S. production and lower crude inventories, although analysts
increasingly warned of signs that fuel …

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