Oil traders that rely on trend-following algorithms compounded a selloff in crude this week as OPEC+ unexpectedly signaled plans to return some supplies to the market later in the year.
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OPEC sticks to oil demand view, shifts key forecast to OPEC+OPEC said world oil demand will rise by 2.25 million barrels per day in 2024 and by 1.85 million bpd in 2025. Both forecasts were unchanged from last month
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OPEC switches to 'call on OPEC+' in global oil demand outlook, sources sayExplore stories from Atlantic Canada.
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