The Story
News Summary
- OPEC trimmed its 2026 global oil demand growth forecast for the fifth straight month to 380,000 bpd while raising its 2027 outlook.
- The downgrade comes amid severe supply constraints, with Saudi crude output plunging to its lowest level since 1990 due to ongoing conflict and Hormuz disruptions.
Explore BRENT price history & advisor snapshot
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Stored market data
BRENT price history
104.61
+64.07% over the displayed period
Advisor Snapshot
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