Oil prices head lower in Monday dealings, after posting back-to-back session gains, after the Organization of the Petroleum Exporting Countries said...
Oil prices headed lower on Monday, after posting back-to-back session gains, as the Organization of the Petroleum Exporting Countries said in a monthly report that uncertainties surround the outlook for global crude supplies, and also slightly reduced its forecast for oil demand.
Price actionMarket drivers In... Oil prices headed lower on Monday, after posting back-to-back session gains, as the Organization of the Petroleum Exporting Countries said in a monthly report that uncertainties surround the outlook for global crude supplies, and also slightly reduced its forecast for oil demand.
Price action Market drivers In its closely followed monthly market report, OPEC modestly revised lower its forecast for global oil demand while making small tweaks to its supply forecasts and holding off from making changes to its global economic growth forecasts.OPEC lowered its global oil demand growth forecast for 2022 by 100,000 barrels a day to 2.5 million barrels a day.
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