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Global economic uncertainty threatens oil demand: IEA

Friday, August 9, 2019, 8:31 PM

Concerns over the health of the global-economy, marked by the US-China trade dispute, forced the International Energy Agency to lower its growth forecast for oil demand for 2019 and 2020. "There have been concerns about the health of the global-economy expressed in recent editions of this report and shown by reduced expectations for oil demand growth," the Paris-based agency said in its monthly report.
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Crude oil futures fall on weak global cues

Thursday, August 8, 2019, 8:11 AM

Crude oil futures dropped by Rs 55 to Rs 3,803 per barrel on August 7 as speculators cut bets amid weak global cues. On Multi Commodity Exchange, crude for delivery in August contracts dropped by Rs 55, or 1.43 percent, to Rs 3,803 per barrel in 21,894 lots. Marketmen said investor sentiment in crude futures market dampened after oil prices fell in global markets.
 
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Crude oil futures dip 0.03% on muted demand

Tuesday, August 6, 2019, 5:46 PM

Crude oil futures on Tuesday fell 0.03 per cent to Rs 3,902 per barrel after participants tightened their bets tracking a muted trend in domestic markets. On the Multi Commodity Exchange, crude oil for delivery in August contracts was trading lower by Re 1, or 0.03 per cent, to Rs 3,902 per barrel with a business turnover of 36,836 lots.

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