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OPEC: We caught the markets off-guard with production limit

Posted on 13 October 2016

Demand for crude oil in 2016 is seen edging higher compared to last year, while supply is forecast to be slightly lower, according to the October OPEC market report, which highlights how money managers were caught out by a new deal to limit production.
This month’s revisions to the forecasts are minimal, with only a 0.1 million barrels per day (mb/d) rise in demand added to both annual forecasts since September’s report……………………………………..Full Article: Source


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