Oil rises
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Oil prices rose on Thursday as analysts pointed to low inventories and renewed Middle East risks as factors supporting the market. Brent crude futures were up 23 cents, or 0.3%, to $68.75 a barrel by 11:04 a.
Oil rose amid signs of tighter supplies in the near term and on stronger demand signals in the US. Most Read from BloombergThe Dutch Intersection Is Coming to Save Your LifeAdvocates Fear US Agents Are Using ‘Wellness Checks’ on Children as a Prelude to ArrestsLA Homelessness Drops for Second YearManhattan,
Crude oil futures rise on supply concerns after drone attacks in Iraq's Kurdistan; market supported by lost production.
Oil drove the gain in Canada, with 120 rigs drilling for oil, 8 more than last week. In the US, 9 additional gas-directed rigs help offset the 2-rig loss in oil-directed
Oil futures rebounded after three days of losses, supported by better-than-expected U.S. retail sales and a delayed response to yesterday’s report of a 3.9 million barrel U.S. crude stock draw.
The focus of this post is an overview of World oil production along with a more detailed review of the top 11 Non-OPEC oil-producing countries. Read more here.