Crude Oil Demand versus Supply

  • 12 Jul 2017
  • By The Hightower Report
  • Topics: Energy

The world oil supply and demand balance as projected by the International Energy Agency began posting periodic quarterly deficits over a year ago and US oil production growth has been largely offset by the oil producers’ Production Reduction Agreement. This leaves economic growth/oil demand growth as the swing factor for price action in the second half of 2017.

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The Hightower Report is a commodity research and information firm that caters to individual investors, brokers, commercial producers, and end users. The Hightower Report broadcasts daily in more than 45 countries and publishes its Newsletter twice monthly to more than 20,000 readers throughout the industry.