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The outlook for oil demand is good

 Last Update: 2022-11-26
 Source: Internet
 Author: User

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According to Dow Jones on August 22, Evercore ISI believes that crude oil demand conditions remain healthy and OPEC production is increasing, which can offset the production gap
in Iran and Venezuela.
The brokerage said global inventories could fall and maintain expectations of $70, $75 and $85 per barrel for Brent crude in 2018-2020
.
Analysts at Evercore say global GDP remains solid, but the road to recovery has become more uneven
.
Fuel prices are now at affordable levels and the outlook for oil demand is improving
.

petroleum

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The outlook for oil demand is good

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NYMEX crude oil closed lower Friday as demand outlook is not good