OPEC: Crude Oil Output Up By 35,000 B/D in May

Market news

12 June 2018

OPEC: Crude Oil Output Up By 35,000 B/D in May

Lifts 2018 Non-OPEC Oil Supply Forecast, Citing US Production
2018 Non-OPEC Oil Supply Forecast By 130,000 B/D
Keeps Oil Demand Forecasts Largely Unchanged
OECD Commercial Oil Inventories 26M Barrels Below Last 5-Year Avg in April

U.S.: CPI excluding food and energy, m/m, May 0.2% (forecast 0.1%)

The ZEW Indicator of Economic Sentiment for Germany recorded a decrease of 7.9 points in June

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