Weekly Fundamentals – Comparing the Demand/ Supply Forecasts of Three Oil Agencies

Posted November 18th, 2017 by JanellKGNfnje and filed in General News

Crude oil prices retreated for the first time in 6 weeks. With geopolitical tensions taking a backseat, traders shifted their focus on the demand/supply outlook. Second consecutive weekly stock-build, record high in US oil production and IEA’s downgrade of global demand outlook have raised concerns that further output cut by OPEC and non-OPEC producers might not offer much help to rebalance the oil market.

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Weekly Fundamentals – Comparing the Demand/ Supply Forecasts of Three Oil Agencies

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