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MetaTrader4 MetaTrader5 cTrader
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►JP Morgan has cut its outlook for oil, predicting that Brent crude prices will average $73 a barrel in 2019 — down from the investment bank's previous forecast of $83.50 a barrel.
►Scott Darling, head of Asia-Pacific oil and gas at JP Morgan told CNBC demand growth will weigh, particularly after the Organization of the Petroleum Exporting Countries (OPEC) agreed to ramp up production earlier this year.
►Slowing demand growth will weigh on prices in 2019 and 2020.
WIN EVERY TRADE - The Ultimate Guide To Flawless Trading
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Benefits from trading with the World’s Largest True ECN Broker:
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