After their meeting on Monday, the Joint Technical Committee (JTC) from OPEC + has decided to keep the growth forecast for world oil demand unchanged, reported Reuters on Monday, citing two sources familiar with the matter.
Reuters further noted that the JTC has raised concerns about the possible negative impact of increased coronavirus cases in India, Brazil and Japan.
Market reaction
This headline does not appear to have a significant impact on oil prices. At the time of writing, the barrel of West Texas Intermediate (WTI) it is trading $ 61.40, losing 1.1% on the day.
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