Check out our the Major Market Movers on our Daily News Brief (6/11/2019) alb.com
Oil prices unmoved by surprise crude build
Oil prices unmoved by surprise crude build however OPEC is bracing for drastic drop in oil demand due to a combination of a weakening economy, rising supply and pressure from climate activists. As a result, OPEC expects demand for oil to reach 32.8 million barrels per day by 2024, a figure that is substantially lower than the 35 million barrels per day from last year’s estimate. China and France sign deals worth $15 billion during Macron’s visit looking to strengthen their copperation in areas of aeronautics, energy and agriculture.
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