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
Response from WTI is a sell reversing some of the gains from prior session ramp.