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U.S. CRUDE GAINS, SLOWING GLOBAL ECONOMY CHALLENGE OIL MARKET IN 2019

The International Energy Agency (IEA) said Friday U.S. oil production growth combined with a slowing global economy will put oil prices under downward pressure in 2019, challenging OPEC’s resolve to support the market. “The U.S., already the biggest liquids supplier, will reinforce its leadership as the world’s number one crude producer,” IEA said in its monthly report. (Reuters)

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