Crude oil forecast

crude oil forecast

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Oil Market Report - February.

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South Africa. Following the September drop in prices and our expectation that oil demand growth will be lower next year than we had previously forecast, we have lowered our forecast for crude oil prices despite increasing oil prices in early October. Meanwhile, expectations of tighter U. This type of crude oil is used as a benchmark in oil pricing and the underlying commodity of NYMEX's oil futures contracts.