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

To: Goose94 who wrote (99992)	12/15/2020 8:29:37 AM
From: Goose94	Read Replies (1) \| Respond to of 202704

Crude Oil: The Int'l Energy Agency has once again cut its oil demand forecasts, adding some circumspect perspective to a market that has sent crude prices on a remarkable rally since the start of November. While the IEA’s downward revisions are relatively marginal (50 kb/day this year, 170 kb/day for 2021), they underscore the industry’s fragile outlook as the pandemic drags on. The watchdog today warned of a ‘bleak’ demand outlook among OECD nations and pinpointed continued weakness in the aviation sector as a persistent drag on demand into next year. BNN.ca