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OPEC expects oil supply to continue to decline in the next five years, while international crude oil continued to rise on Tuesday (November 5) to its highest level in six weeks. New York Mercantile Exchange West Texas light oil futures settled at $57.23 a barrel in December 2019, up $0.69/barrel, or 1.2%, from the previous trading day, with a trading range of $56.3-57.5; London Intercontinental Exchange Brent crude settled at $62.96 a barrel in January 2019, up $0.83/barrel, or 1.3%, from the previous trading day, with a trading range of $61.85-63.19/ Barrels.
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