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Click here to enlarge imageOPEC compliance with pledged oil production cuts remains high at 87% for October, according to the latest IEA data. "OPEC compliance has not dropped as much as some believed, and OECD stocks are indeed shrinking, so the turning point for prices has probably not come yet," said IEA.The news has bolstered oil markets, contributing to a rise in crude oil futures prices, which were trading in London and New York at about $24.50/bbl as OGJ went to press. On the IPE in London, Brent for December delivery settled at $24.49/bbl on Nov. 10, up 36¢ for the day and a rise of $1.66 from close of trading on Nov. 5. In New York on the morning of Nov. 11, NYMEX crude fo...

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