08/11/2016at 09:26

OPEC raises oil-demand forecast on outlook for cheaper crude

The Organization of Petroleum Exporting Countries raised its forecast for global oil demand next year and through the end of the decade in the expectation of higher consumption in spite of a slowdown in economic growth.

BY SAM WILKIN, BLOOMBERG

OPEC raised its forecast for global oil demand next year and through the end of the decade, anticipating that cheaper crude will spur consumption even as economic growth slows.

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