Oil Caps Weekly Drop Amid Shaky OPEC Compliance, Weaker Demand
- IEA sees OPEC’s commitment to clearing global glut fading
- Agency reduced demand estimates for this year and 2018
Daniel Morris, senior investment strategist at BNP Paribas Asset Management, discusses demand for oil and OPEC production cuts. He speaks with Tom Keene on 'Bloomberg Surveillance.' (Source: Bloomberg)
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Oil had its worst week in a month as compliance with OPEC’s deal falters and the outlook for demand worsens.