Oil Glut to Stay in 2016 as IEA Sees Slower Demand Growth

Updated on
  • Demand outlook `markedly softer' in 2016 on weaker growth
  • Oil price erases gains in New York after agency's report

Is the Crude and Commodities Relief Rally for Real?

Global oil markets will remain oversupplied next year as demand growth slows and Iranian exports are poised to recover with the lifting of sanctions, the International Energy Agency said.

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