A surprise drop in US crude inventories and comments from Organization of the Petroleum Exporting Countries (OPEC) Secretary General Mohammad Barkindo about lower-than-expected US shale production growth in 2020 boosted crude oil prices on 14 November.

Brent futures rose 80 cents, or 1.3%, to $63.17 per barrel, while US West Texas Intermediate (WTI) crude gained 64 cents, or 1.1%, to reach $57.77, Reuters reported.

Barkindo was quoted as saying on 14 November there would likely be downward...


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