In a recently published report, the U.S. Energy Information Administration has announced that it decreased its global oil demand growth estimate for 2019 by 10,000 barrels per day to 1.72 million bpd. The EIA also revised its 2018 oil demand growth upwards by 40,000 barrels to 1.80 million bpd.
There wasn't a clear market reaction to the EIA's report and the barrel of West Texas Intermediate was last seen trading at $66.45, where it was up 35 cents, or 0.53%, on the day.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.