IEA’s Oil Demand Forecasts Still Exceed OPEC’s, Despite Downgrades

Posted November 15th, 2017 by NatashaBousquet and filed in General News

Surprising stock-build and demand downgrade facilitated the correction in oil prices. Both crude oil benchmarks remained under pressure on Wednesday after sharp selloff bringing prices to the lowest levels in more than a week. Base metals also fell, led by the -5.68% decline in nickel price. In the precious metals complex, the benchmark Comex gold and silver contracts added -0.33% and +0.17% respectively.

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IEA’s Oil Demand Forecasts Still Exceed OPEC’s, Despite Downgrades

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