OPEC cuts full-year oil demand growth to 3.67m barrels from 4.15m

OPEC cites the impact of the Ukraine war and omicron in China for the demand downgrade.Cuts global economic growth forecast to 3.9% from 4.2%Sees considerable further downside risks to its GDP forecastCuts non-OPEC supply forecast by 320k bpd to 2.7 mbpdLowers Russia liquids production forecast by 530k bpdOPEC says its output rose by 57k bpd in March to 28.56 mbpdOil demand still expected to exceed 100 mbpd in Q3WTI rebounded today and is up $4.02 to $98.26, with about 30-cents of gains after this report.