I'm not interested in the price movement
per se in this story. I'm posting it because it has some great "benchmark" numbers that might be useful down the road.
Reuters is reporting:
OPEC's
crude production climbed in April to 32.64 million barrels per day,
close to the highest in recent history, a Reuters survey showed.
Iraq's April exports from southern fields increased, as did seaborne exports from Russia, the biggest exporter outside OPEC.
Traders
also cited market intelligence firm Genscape's report of a 821,969
barrel rise in stockpiles at the Cushing, Oklahoma delivery point for
U.S. West Texas Intermediate (WTI) crude futures during the week to
April 29.
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