Crude futures settled near one-year highs Feb. 2 amid a focus on OPEC+ production compliance and improved demand outlooks. Not registered? NYMEX March WTI settled $1.21 higher at $54.76/b and ICE April Brent climbed $1.11 to $57.46/b. A second OPEC production survey, this time by Bloomberg, confirmed the group’s over-compliance to cuts in January, with production coming in at around 120,000 b/d less than the 22.12 million b/d agreement. OPEC+ ministers will convene Feb . 3 for a monitoring committee meeting. With production quotas set through March and oil prices rising to pre-crash levels on the back of Saudi Arabia’s surprise extra output cut, delegates say they expect relatively peaceful talks on […]