Record-breaking U.S. supply is weighing on the global oil market (NYSEARCA:USO)
Crude oil production from the U.S. reached a new all-time high of 13.2M bbl/day in September, according to data released last week, outpacing expectations and causing a big problem for OPEC+, which agreed last week to further output cuts in an effort to prop up faltering prices. The U.S. accounts…
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