Oil Demand Moderating

The downward demand for oil may be moderating, according to this article in the Washington Post.  OPEC is reportedly "cautiously optimistic" about the future, believing that demand seems to have moderated after months of downward revisions.  The article further reports that earlier this week both the U.S. Energy Information Administration (EIA) and the International Energy Agency (IEA) raised their global oil demand estimates for the year.

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