Oil Pares Gains After Industry Data Shows Crude Stocks Rising



Pierre Andurand’s hedge fund trailed the oil-price rally last month, posting a 2.4 percent gain compared with the almost 10 percent boost for Brent crude, according to people familiar with the performance. Compliance with crude-output cuts by the OPEC members participating in curbs increased to 97 percent in September versus a revised 95 percent in August, according to Bloomberg calculations from the producer group’s secondary source estimates.

With assistance from Ben Sharples, Rakteem Katakey and Grant Smith. To contact the reporter on this story: Jessica Summers in New York at jsummers24@bloomberg.net. To contact the editors responsible for this story: Reg Gale at rgale5@bloomberg.net Stephen Cunningham.


12

View Full Article

WHAT DO YOU THINK?


Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.