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.
Psychedelic chartist extraordinaire. Have your shades ready.
Philosophy: “Don’t be a Dick for a tick”
Read how Ryan got into trading here
Philosophy: “Don’t be a Dick for a tick”
Read how Ryan got into trading here
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Well that helps explain that fall then.