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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (89645)	7/10/2020 1:49:12 PM
From: Goose94	Read Replies (1) of 203329

Crude Oil: IEA raises demand forecast; warns about risk. The IEA hiked its demand forecast for 2020 but also warned that the spreading coronavirus in the U.S. poses downside risks. The agency said demand could be 400,000 bpd higher than previously thought this year due to a rapid bounce back in many economies around the world, particularly in China and India. Also, oil supply fell by 2 mb/d in June, further tightening the market.

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