(WSJ) OPEC Oil Output Falls to Six-Month Low but U.S. Fills Gap

OPEC production fell to its lowest in six months but rival U.S. production was surging faster than expected, meaning oil markets may not rebalance before the end of 2018, the oil cartel said Wednesday in its closely watched monthly oil report.

The Organization of the Petroleum Exporting Countries said its crude production fell by about 133,500 barrels a day in November to 32.45 million barrels a day.

Source: The Wall Street Journal