lunes, 12 de diciembre de 2016

BLOOMBERG. Oil jumps

A barrel of West Texas Intermediate for January delivery was trading 5 percent higher at $54.07 at 4:41 a.m. ET. The surge comes after non-OPEC countries including Russia pledged to cut output next year, and Saudi Oil Minister Khalid Al-Falih said he was willing to cut the kingdom’s production even more sharply than already promised. Oil analysts are upping their price forecasts for the commodity with $60 a barrel seen as early as this week, and $70 by mid-2017 as U.S. shale production could take up to 12 months to increase output enough to recalibrate the dial. Goldman Sachs Group Inc., however, expects a much quicker response from shale producers, and sees crude at $55 a barrel in the first half of next year.

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