US EIA raises forecast for 2022 world oil demand growth by 200K BPD, now sees 3.55M BPD YoY increase

The US Energy Information Administration (EIA) raised its forecast for 2022 world oil demand growth by 200K barrels per day (BPD) on Tuesday, and now demand growing 3.55M BPD YoY next year. The cut its forecast for 2021 world oil demand growth by 10K BPD to a 5.1M BPD YoY increase.

Dec 7, 2021

US: Trade deficit narrows significantly in October, likely a story of monthly volatility – Wells Fargo

The US trade balance deficit narrowed by $14.3 billion in October, which is only the second time such a gain has occurred in data going back to the ea

AUD/USD reclaims 0.7100 status, threats bullish technical break amid risk-on, hawkish RBA vibes

The Aussie dollar has continued to power higher throughout the session on Tuesday, moving to the north of the $0.7100 level in recent hours as risk ap