International crude oil: long and short intertwined fog

International crude oil price chart:

Supply side:

According to public data,.

In addition, gasoline inventories fell by 029 million barrels, a decline for 8 consecutive weeks and a new low since the week of September 15, 2017; refined oil inventories fell by 116,000 barrels, a decline for 4 consecutive wee.

On the other hand, data showed that.

Demand side:

The EIA monthly report and the OPEC monthly report are published on Wednesd.

According to the EIA monthly report, the forecast for the growth rate of global crude oil demandin 2019 was lowered by 50,000 barrels per day to 4 million barrels per day, and the forecast for the growth rate of global crude oil demand in 2020 was lowered by 10,000 barrels per day to 45 million barrels per d.

OPEC expects crude demand to average 33 million bpdin 2019, down 160,000 bpd from its previous forecast , due to the economic slowdo.

Factors affecting the market outlook:

1: IMF downgrades global economic growth forecast

Worries about global economic growth and trade tensions between the.

The International Monetary Fund this week lowered its forecast for global economic growth this year and said the global economy has slowed more than expected and that a sharp downturn may require leaders to coordinate stimulus measur.

This is the third time the organization has downgraded economic growth since October last year, and said the global economy is likely to grow by 3% this year, the slowest growth rate since 201 That figure was down 2 percentage points from the January foreca.

2: EIA monthly report raises.

The.