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Commodities Briefing - Categorized | Market Moves, Oil more

U.S., OPEC cut global oil demand estimates

Posted on 11 October 2012

Global oil demand is looking weaker than previously forecast as the slowing economy continues to weigh on consumption, according to monthly reports released on Wednesday by the U.S. government and OPEC.
The Organization of the Petroleum Exporting Countries trimmed its forecast for growth in world oil demand in 2013 by 30,000 barrels per day (bpd) to 780,000 bpd and said the risk remains skewed to the downside………………………………………..Full Article: Source


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