US EIA cuts forecast for 2018 world oil demand growth by 110,000 BPD

2017 world oil demand unchanged at 1.35 Mln BPD

The US EIA is out with global demand forecasts for oil

• In 2018 sees world oil demand at 1.58 mln BPD Yr on Yr increase, down 110,000 BPD from prior estimate
• Leaves 2017 world old demand growth unchanged at 1.35 mln BPD yr on yr increase.

The EIA updates their global demand forecasts each month.

Crude oil is trading at $50.70 down -$0.22 or -0.45%. The high reached $51.42. The low reached $50.66 so far.