- Oil demand consistently bigger than some projections
- Our job is to be attentive to oil demand projections, not to be comfortable with it
- "Not a fortune teller" when it comes to predicting future oil demand
- But OPEC numbers have been consistently accurate while others backpedal
The comments are as what you'd expect but oil is nudging a little lower to start the session. WTI crude is down 0.4% to $76.20 on the day, keeping just below its 200-day moving average of around $77.41.