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US EIA cuts 2024 crude outlooks by more than $1/b amid slowing economic activity

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The US Energy Information Administration lowered its 2024 crude price forecasts by more than $1/b on Sept. 10, noting that slowing global economic activity, reduced fuel demand in China and signs of slowing US job growth have limited upward price momentum in recent months. In its September Short-Term Energy Outlook, the EIA decreased its 2024 ...

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