OPEC revises down expectations of oil demand growth
Group's reference for crude falls further to lowest level since mid-July
Compiled by Daily Star staff
Friday, November 19, 2004
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The OPEC cartel on Thursday revised down its expectations of oil demand growth for next year and projected a rare big winter stockbuild if the group keeps producing at current levels. Also on Thursday, the OPEC news agency reported the group's reference for crude fell further to $35.49 a barrel on Wednesday, down from Tuesday's $35.94 and the lowest level since mid-July.
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