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monthly Oil Market ReportOPEC13 November 2017Feature article:Recent Developments in Global Oil InventoriesOil market highlightsFeature articleCrude oil price movementsCommodity marketsWorld economyWorld oil demandWorld oil supplyProduct markets and refinery operationsTanker marketOil tradeStock movementsBalance of supply and demandiiii181130415863677481Organization of the Petroleum Exporting CountriesHelferstorferstrasse 17, A-1010 Vienna, AustriaE-mail: prid(at) : Market Highlights OPEC monthly Oil Market report November 2017 i Oil Market Highlights Crude Oil Price Movements The OPEC Reference Basket averaged $ in October, gaining $ over the previous month and reaching the highest value in more than two-and-a-half years, with a year-to-date average of $ Crude futures also reached levels not seen since mid-2015. ICE Brent ended $ higher at $ , while NYMEX WTI increased $ , reaching $ , keeping the Brent-WTI spread above $6/b.

Oil Market Highlights OPEC Monthly Oil Market Report – November 2017 i Oil Market Highlights Crude Oil Price Movements The OPEC Reference Basket averaged $55.50/b in October, gaining $2.06 over the previous month and

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