News Headline Summary
Following the NYMEX pit open, WTI crude futures come under pressure as attention is paid to an OPEC report where they cut demand forecasts...
Analysis details (14:30)
- OPEC also cut 2015 crude demand forecast by 1.6MBPD. This weighed on crude prices early on with WTI crude futures falling from intra-day highs of USD 85.70 to near lows of USD 84.84.
- In similar price action, Brent crude futures, RBOB Gasoline and Heating oil have all seen downside since the eopen.
08 Nov 2012 - 14:20
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