Oil rises as supply constraints outweigh China slowdown fears

Oil prices rose on Friday as involuntary supply cuts from Venezuela, Libya and Iran supported perceptions of a tightening market, already underpinned by a production reduction deal from OPEC and its allies.

On the demand side, most of the world’s growth in fuel consumption is coming from Asia, where China’s economic growth is expected to slow to its lowest in nearly 30 years at 6.2 percent this year, a Reuters poll showed on Friday.
more detail at source: https://www.cnbc.com/2019/04/12/oil-markets-opec-supply-cuts-us-sanctions-in-focus.html?dlbk

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