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OPEC Expects Progress on Trade, Holds Oil-Demand Outlook Steady

OPEC Expects Progress on Trade, Holds Oil-Demand Outlook Steady

The Organization of the Petroleum Exporting Countries said it expects global trade tensions to ease in the coming weeks and kept its oil-demand forecast unchanged as it continues to ramp up output.
The Vienna-based cartel said economic growth in the second half of the year could exceed expectations, citing resilient fundamentals and optimism that the U.S. will strike trade agreements with most partners.
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