The Barrel: OPEC crude oil production drops 70,000 barrels per day from October

As WTI nears $90, and Brent's already there, consumers did not need this: OPEC cut its output last month. According to the Platts' survey, OPEC cut its output just as demand is showing significant signs of growth around the world, pumping out 29.1 million b/d in November, That's down 70,000 b/d from a month earlier, during the quarter where demand is the heaviest and the inventory draw the most...