Oil prices have rebounded from earlier losses and are trading up $0.54 to $78.46. Crude had traded as low as $77.34 in the aftermath of the CPI report but everything is bid in the past hour.Helping oil along was the latest OPEC report. There was speculation they would dim their view of demand growth this year because Saudi Arabia indicated doubts. Instead, they continued to stick with 2.25 mbpd this year and raised its economic forecasts. The 2025 forecast of 1.85 mbpd in growth was also maintained.In terms of GDP growth, OPEC sees global growth at 2.8% this year, up from 2.7% in its most-recent forecast.Currently the gap between OPEC and EIA demand growth forecasts is the largest since at l
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