US drillers are spoiling OPEC's oil market strategy for the second time in three years

  • OPEC's production cuts have nearly achieved their goal of shrinking global crude stockpiles.
  • But rising U.S. output could delay OPEC's goal of balancing the long-oversupplied oil market, the International Energy Agency warned.
  • The delay is reminiscent of OPEC's failed policy of letting oil prices fall in order to wash out U.S. producers.

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