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 firstname.lastname@example.org. To contact the editors responsible for this story: Reg Gale at email@example.com Stephen Cunningham.
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