OPEC Monthly Oil Market Report October 2017

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OPEC trying to crush shale production gave shale producers reason to produce more.

U.S. oil logs 3rd gain in a row as OPEC lifts demand forecast

November West Texas Intermediate crude CLX7, rose 38 cents, or 0.8%, to settle at $51.30 a barrel on the New York Mercantile Exchange. Brent crude, the global benchmark, for December delivery on ICE Futures Europe exchange climbed by 33 cents, or 0.6%, to $56.94 a barrel.