OPEC sees 2020 world oil demand falling by 9.46 mbpd

Forex

OPEC

  • Cuts forecast for global demand for its crude by 700K bpd in 2020 and 1.1mln bpd in 2021
  • Oil output rose by 760,000 to 24.05 mlnbpd as OPEC+ eased supply cut
  • Compliance not at 103%

Oil rising higher. Now at 37.27. Probably not as bad as the market was fearing. High compliance is good, especially with compliance normally an issue. 

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