Crude oil futures stayed slippery in Asia amid broad demand concerns. The WTI Crude oil futures are currently trading at $88.68 per barrel, down 0.82% on the day. The Organization of the Petroleum Exporting Countries (OPEC) cut its forecasts for global oil demand this year by 260,000 barrels to 100.03 million barrels a day, citing the impact of slowing global economies. It also cut its demand forecasts for 2023 by the same amount to 102.72 million barrels a day. Powered by Commodity Insights
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