Latest oil forecasts from the EIA 12 December 2017

  • Sees 2018 world oil demand growth at 1.62mbpd
  • 2017 forecast raised by 80kbpd to 1.39m
  • Sees US 2018 output at 10.02mbpd vs 9.95mbpd prior
  • 2018 Brent prices $57.26 vs $55.61 prior
  • 2018 WTI $52.77 vs $52.04 prior

In the meantime, oil prices continue to slide. Brent is trading at 63.57 from a 63.41 low, WTI at a low of 57.14.

Ryan Littlestone

Psychedelic chartist extraordinaire. Have your shades ready.
Philosophy: “Don’t be a Dick for a tick”

Read how Ryan got into trading here
Ryan Littlestone

Pin It on Pinterest