Mixed thoughts from the IEA

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 14, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    A short-ish blog today as company news is a bit scarce, there is news around that affects the oil price though. Mixed thoughts from the IEA yesterday in its monthly, whilst they report the strongest demand growth in almost a decade they say that ‘markets will remain oversupplied next year as demand reduces to 1.2m b/d’. Higher Opec supply will partially offset the fall in non-Opec crude leading to a ‘marked slowdown’ in the overall supply/demand in the market. Elsewhere Venezuela announce that

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