EIA cuts forecast for 2019 world oil demand growth by 100,000 bpd - Reuters

Eren Sengezer FXStreet

In its latest report, the U.S. Energy Information Administration cut its 2018 world oil demand growth expectation by 80,000 barrels per day to 1.58 million barrels per day while reducing the 2019 forecast 100,000 barrels per day to 1.47 million barrels per day.

As of writing, the barrel of West Texas Intermediate was trading at $69.25, adding 2.6% on the day.

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Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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