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Oil trims gains as OPEC lowers forecast for 2019 world oil-growth demand

Friday, 16 August 2019 19:05 WIB Minyak WTI Opec

Oil futures trimmed gains Friday after the Organization of the Petroleum Exporting Countries, in its monthly report, slightly lowered its outlook for global oil-demand growth this year. OPEC said it now expects oil demand to grow by 1.1 million barrels a day in 2019, down 40,000 barrels a day from its July forecast. OPEC left its 2020 demand forecast unchanged at 1.14 million barrels a day. OPEC also cut its supply-growth forecast, calling for non-OPEC supplies to grow 1.97 million barrels a day this year, down 72,000 barrels a day from its July forecast. For 2020, non-OPEC supply is forecast to grow 2.39 million barrels a day, down 50,000 barrels from the July outlook. West Texas...

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Energy

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CURRENCIES

The dollar was broadly higher in early trading in Europe Friday in generally quiet trading ahead of a keenly-awaited speech by Federal Reserve Chairman Jerome Powell at 10 AM ET (14:00 GMT). At

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