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Crude Oil Prices in Jeopardy Ahead of OPEC JMMC Meeting – DailyFX
Crude oil prices are at risk of breaking lower ahead of the OPEC JMMC meeting on October 19 after the IEA revised down its global demand estimates.
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- Crude oil prices are at risk of breaking lower on the back of the IEAs downbeat outlook on global demand.
- However, shrinking American crude stockpiles may limit the potential downside for oil prices in the near-term.
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