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OPEC Monthly Report:
Reducing global economic growth forecasts to -4.1% in 2020
The economic growth forecast for 2021 was left unchanged at 4.7%
Reducing Forecast for global oil demand growth by 0.4 million barrels per day in 2020
Raising Forecast of growth in non-OPEC supplies by 360 thousand barrels per day in 2020
Raising Forecast of growth in non-OPEC supplies by 371 thousand barrels per day in 2020
Reducing Forecast of demand growth for OPEC oil by 0.7 million barrels per day in 2020
Reducing Forecast of demand growth for OPEC oil by 1.1 million barrels per day in 2021
Crude oil prices edged slightly higher in the last minutes. As of writing, the barrel of West Texas Intermediate (WTI) was trading at $37.33, gaining 0.1% on the day.
