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Oil Market's Missing Barrels Have Gone Up in Smoke

Oil Market's Missing Barrels Have Gone Up in Smoke

Bloomberg16-05-2025

Welcome to our guide to the commodities markets powering the global economy. Today, oil strategist Julian Lee assesses the consequences from a statistical revision to worldwide consumption.
Amid the doom and gloom of falling crude prices and weakening demand growth, oil bulls could find one nugget of cheer in the latest report from the International Energy Agency: a modest upward revision to historical consumption.

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