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Market MovementIs OPEC's consideration of output cut warranted?The current outcry for another oil output increase notwithstanding, is OPEC's consideration of a production cut early next year warranted?The signs point to oil markets currently being tighter than previously suspected. Click here to enlarge imageAccording to London think tank Centre for Global Energy Studies, a look at raw supply and demand data suggests that the global stockbuild was supposed to have reached 230,000 b/d at the end of the third quarter. But, says CGES, OECD industry stocks in that period rose only 68 million bbl, and floating stocks climbed by only 40 million bbl. That means as much as 126 million bb...

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