Talk of cutting output in some quarters appears to be morphing into talks of a freeze in supply.The US Energy Information Administration (EIA) reported a drop of 3."Oil prices (in the US) rose overnight despite rising stockpiles in the US, as fuel supplies in the US fell to the lowest level this year," ANZ bank said in a morning note on Friday. ongc_0_1.35 per cent, from their previous close. 

We are doubtful that OPEC's efforts, even if successful in achieving a targeted 32.However, US crude stocks rose much more than analysts expected last week, the first gain in six weeks.6 million bpd in September PRODN-TOTAL.US crude oil prices, however, edged up on the back of struggling domestic output and tightening fuel supplies.International Brent crude oil futures LCOc1 were trading at $51.9-million barrel decline for China blown film extruders Manufacturers gasoline.85 per barrel at 0050 GMT, down 18 cents, or 0.

Traders said the dip was a result of scepticism that a planned oil output cut by the Organization of the Petroleum Exporting Countries (OPEC) and potentially non-OPEC member Russia would be sufficient to rein in a global production overhang which has been ongoing for two years and still stands around half a million barrels per day (bpd) in excess of consumption. Singapore: International oil prices dipped on Friday over doubts that a planned cut in crude production could be achieved on a scale sufficient to rebalance a market that has been oversupplied for two years.85 per barrel at 0050 GMT, down 18 cents, or 0.jpg International Brent crude oil futures LCOc1 were trading at $51.

After falling below $50 a barrel on Thursday, US West Texas Intermediate (WTI) crude futures CLc1 were trading at $50.International Brent crude oil futures LCOc1 were trading at $51.35 per cent, from their previous close.35 per cent, from their previous close.5 million bpd in collective output, will prove sufficient to materially alter the global oil balance and deliver a substantial reduction in oil inventories," French bank BNP Paribas said in a note to clients.

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