Oil Prices Set for Weekly Dip on Soft Demand Expectations ...Middle East

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Oil Prices Set for Weekly Dip on Soft Demand Expectations
Crude oil prices were on course to end the week with a decline, as the latest prediction of softening demand growth reinforced bearish moods among traders. The prediction came from the International Energy Agency, which said in its latest monthly oil report that it expected oil demand this year to grow by 750,000 barrels daily, “with resilient deliveries in advanced economies contrasting with relatively muted consumption in emerging economies.” The agency said that demand growth in the Organization for Economic Cooperation and Development…

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