- from 1.05m prior
- Says likelihood for upward adjustment for 2014 demand is higher than existing projections given improving OPEC demand
- Raises non OPEC oil supply forecast by 50k bpd.
- Expected demand for OPEC crude virtually unchanged at 29.6m bpd
- Output up to 29.71m bpd in Jan +28k
Brent is still up on the highs from Friday but struggling to get through the 55 and 100 dma’s
Brent Crude daily chart
