| The OPEC Reference Basket recovered in February for the first time in three months, gaining 8.4% or $2.22 to reach $28.72/b. Crude oil futures were mixed, with ICE Brent ending up $1.60 to reach $33.53/b, while Nymex WTI fell by $1.16 to stand at $30.62/b. The Brent-WTI spread halted its narrowing trend, widening by $2.76 to $2.91/b.
World oil demand growth for 2015 stands at 1.54 mb/d to average 92.98 mb/d, in line with the previous report. Global oil demand growth for 2016 also remains unchanged at around 1.25 mb/d to average 94.23 mb/d according to the OPEC Monthly Oil Market Report...............................................Full Article: Source
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