Oil managed a pop in price overnight on tensiosn in the Gulf.
Greg had the report;
- Pres. Trump: US ship took defensive action against Iranian drone
Just scanning through the other oil reports and this is one to take note of:
- The International Energy Agency is reducing its 2019 oil demand forecast due to a slowing global economy
- forecast to 1.1 million barrels per day (bpd
- may cut it again if the global economy and especially China shows further weakness
- forecast last year was 2019 oil demand would grow by 1.5 million bpd
- cut the growth forecast to 1.2 million bpd in June this year
via Reuters