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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (82504)	4/17/2020 3:16:13 PM
From: Goose94	Read Replies (1) \| Respond to of 202988

Crude Oil: WTI fell below US$18 per barrel in early trading on Friday, as a deepening gloom swept over the market. China reported a contraction in GDP of 6.8 percent for the first quarter. OPEC affirmed in its Oil Market Report that demand would fall by 6.9 mb/d this year. Storage fears are now beginning to dominate market sentiment. Jet fuel demand could fall by 2.1 mb/d in 2020, a 26 percent decline. “Jet fuel consumption will be impacted for a longer time and maybe not recover fully even next year, as travellers remain concerned about long-haul vacations, and businesses get used to online meetings,” said Per Magnus Nysveen, head of analysis at Rystad Energy. Saudi Arabia sold $7 billion in bonds on Wednesday in order to raise cash