-IEA Keeps World Oil Demand Growth Forecast at 1.4M B/D in 2016 -IEA Downgrades World Oil Demand Growth to 1.2M B/D in 2017 -IEA Sees Lower Oil Demand Growth on Dimmer Macroeconomic Outlook -IEA Sees Lower Oil Demand Growth on Dimmer Macroeconomic Outlook -IEA Says Global Oil Supply Up 800,000 B/D in July on Higher OPEC, Non-OPEC Output -Non-OPEC Output Seen Falling by 900,000 B/D in 2016--IEA -Non-OPEC Output Will See Growth of 300,000 B/D in 2017--IEA -OPEC July Output Rose 150,000 B/D to 8-Year High of 33.39M B/D on Saudi, Iraq--IEA -Saudi July Output Hit Record 10.62M B/D, Up 120,000 B/D From June-IEA -IEA Says Kuwait and the UAE Pumped at Their Highest Ever Levels -IEA: Non-OPEC Supplies Output Rose by 550,000 B/D in July, to 56.7M B/D -IEA Says Expects More Subdued Growth in Refining Activity -IEA Says Crude Oil Balance Indicates Hefty Draw in Third Quarter -IEA Says Massive Stock Overhang Keeping Lid On Prices -IEA Says OECD Commercial Stocks Stood at 3.093B Barrels by End-June
the price of oil was corelated withe the us $ at 0,75 % now is over 90 % . so if the us $ go down well oil go up prety much what append this morning
TreeDoc
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Good information ... the fundamentals are against oil price increases. Not to say that prices cannot be traded up regardless ...as is the way sometimes. Need to keep light footed.
QuantumLogicTrading
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Thanks for the comment. And yes i agree, oil is a tricky market at the best of times!