| The oil price "can easily revisit the lows seen earlier this year", French bank BNP Paribas said in a note to clients, as bearish demand data added to concern over a deal to freeze excess supply.
Reuters cites the commentary after a report in the US showed purchases of gasoline products fell in January for the first time in 14 months and that overall crude oil consumption was down one per cent compared to last year. This comes ahead of a second quarter period that typically sees a dip in demand as refinery maintenance peaks...............................................Full Article: Source
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