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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (78053)	2/25/2020 5:08:12 PM
From: Goose94	Read Replies (1) of 203026

Crude Oil: fell again in early trading on Tuesday, following a meltdown a day earlier. The spread of the coronavirus to several other countries has reignited fears of a global economic slowdown while OPEC+ seem reluctant to increase production cuts. The IEA said that its oil demand forecast is at its lowest in a decade, and it could fall further. “We certainly see the lowest oil demand growth in the last 10 years and we may need to revise it ...downwards,” IEA executive director Fatih Birol told Reuters at an energy conference in London. The agency sees demand rising by 825,000 bpd in 2020, although suffering an outright contraction of 435,000 bpd in the first quarter.

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