WTI Slumps To 18-Year Lows Following IEA Report On Demand Destruction

<p>Notes/Observations IEA slashes 2020 oil demand with Global Oil Demand reduced from 99.9M bpd to 90.5M bpd as demand seen lower by 9.3M bpd for year (previously saw demand growth of 825K bpd); WTI falls to lowest level since 2002 at $19.20/contract Asia: China PBoC conducted 1-year MLF operation that injected CNY100B into the system […]</p>
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