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Historically, global oil demand averaged 1.4 million barrels per day (mb/d) prior to COVID-19. In its September report, OPEC downgraded its demand growth forecast for 2024 to 2.0 mb/d and 1.7 mb/d for 2025, with supply growth projections of 1.2 mb/d in 2024 and 1.1 mb/d in 2025. However, recent developments, including Chinese economic stimulus measures and ...
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Investors are protecting against a potential spike in crude prices. Palm oil futures are surging, and traders are warming up to exchange-traded funds for gold against a backdrop of geopolitical uncertainty and interest-rate cuts. Here are five notable charts to consider in global commodity markets as the week gets underway. Oil Options While the rally in ...