Oil Demand Concerns Weigh on Outlook

Oil Demand Concerns Weigh connected Outlook

Growing concerns implicit request are weighing connected the lipid market's outlook amid OPEC+ proviso dynamics and U.S. tariffs, ING analysts said.

OPEC's lipid accumulation accrued by 240,000 barrels a time successful February, according to a Bloomberg survey, and the radical has present decided to unwind output cuts starting from April.

Meanwhile, the Atlanta Fed's GDPNow exemplary predicts a 2.8% contraction successful first-quarter GDP growth, a important downgrade from its erstwhile forecast, the analysts said.