Oil market has found a balance - Venezuela Oil Minister
|Venezuela’s oil minister Eulogio Del Pino, while speaking in Santa Cruz, Bolivia, at the Gas Exporting Countries Forum that the oil market has finally found the balance, as inventories are declining.
However, the rising US output is still a threat. The Baker Hughes data released yesterday showed the number of oil and gas rigs in the United States rose again this week, taking the total gained in November to 10; the first monthly gain since July.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.