Crude Oil Prices Rise as OPEC Trims Supply Forecast

While indicating that it expects supply from non-OPEC sources to grow slightly less than previously thought. The report also trimmed forecasts for global demand growth this year.

Crude oil prices rose on Thursday as the Organization of Petroleum Exporting Countries upheld its forecast for global oil demand next year,

OPEC now sees 2019 global crude demand with 980k barrels per day
OPEC reiterates global crude demand for 2020 to rise by 1.08 million barrels per day on average
Non-OPEC supply is expected to rise 2.20 million b / d, from 2.25 million in the September report
WTI futures rise to $ 52.99 a barrel from 8:05 AM ET, up 0.8% on the day, from $ 52.70 previously
Brent futures at $ 58.72 from $ 58.39 previously./

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