Crude oil dropped after update U.S. crude oil production in September rose to a new record of 12.46 million barrels per day from 12.397 million bpd in August. Monday, December 2, 2019
The International Energy Agency raised its estimate of non-OPEC oil output growth next year to 2.3 million b/d while dropping its estimate of the "call" on OPEC crude
Russia's oil output in November stood at 11.24 million barrels per day.
Russian oil companies proposed not to change their output quotas that are part of the deal that runs until end-March.
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