Two Bullish Factors Pushing Oil Prices Higher

Oil prices were up on Tuesday as Washington agreed to delay the scheduled December 15th tariff hike on China. The impact of the OPEC+ production cut agreement on markets has also yet to wear off. Chart of the Week- The volume of natural gas that was vented or flared in the U.S. reached a record high 1.28 billion cubic feet per day (Bcf/d) in 2018. – That rate is equivalent to 1.25 percent of gross withdrawals of natural gas, up from 0.84 percent in 2017. – North Dakota and Texas alone accounted for 82 percent of all gas flared or vented. – The…