Oil heads for two-year high as U.S. stocks shrink ahead of OPEC

Oil heads for two-year high as U.S. stocks shrink ahead of OPEC

Oil headed for its highest close since June 2015 while trading volume surged after U.S. industry data showed crude stockpiles resumed declines and as investors await a decision by OPEC on extending output cuts. January futures rose as much as 1.7 percent in New York on volume seven times higher than the 100-day average. Inventories…

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