Energy Update
NEW YORK, Dec 8 (Reuters) - Oil traders who bought U.S.
crude call options before OPEC's agreement last week to cut
output did not get the windfall they were expecting as the rally
in those options fell short of crude's massive surge.
ACCRA, Dec 8 (Reuters) - Ghana's main opposition leader Nana
Akufo-Addo said on Thursday he was "quietly confident" of
victory, one day after elections, and added that his New
Patriotic Party had gained 49 seats in parliament to take a
majority.
LONDON, Dec 8 (Reuters) - Glencore's decision to
acquire a stake in Russian state oil giant Rosneft is
not financially risky, Moody's credit ratings agency said, and
does not mark any shift from the miner-trader's new policy of
limiting its debt levels.
LONDON, Dec 8 (Reuters) - Britain said on Thursday it would
respond strongly to the European Union's decision to initiate
legal action against it and six other countries for failing to
police emissions test cheating by carmakers after the Volkswagen
scandal.
TORONTO, Dec 8 (Reuters) - Canada's main stock index added
to a 19-month high on Thursday, helped by gains for heavyweight
energy and financial stocks as commodity prices rose and data
showed a surge in building permits.
LONDON, Dec 8 (Reuters) - Crude traders expect the oil
market to begin tightening and gradually move into deficit, but
the shift is not forecast to occur much before the second half
of 2017.
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