US EIA sees larger demand drop in latest monthly forecast

Author: Adam Button | Category: News

Oil shrugs it off

The EIA now sees US oil demand falling 2.12 million barrels per day this year compared to last month's forecast of 2.0 mbpd.

Oil is at the highs of the day, up 4% but the genesis of the drop to $36 this week from $40 is worry about demand.

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