Higher oil pricesA global oil glut has been virtually eliminated, according to OPEC figures, thanks in part to an OPEC-led supply cut deal in place since January 2017 and fast-rising global demand. Oil inventories in developed nations in March fell to stand 9 million barrels above the five-year average, OPEC said in a report on Monday. Thats down from 340 million barrels above the average in January 2017. https://www.google.ca/amp/s/www.theglobeandmail.com/amp/business/article-opec-says-global-oil-surplus-virtually-eliminated/