The US EIA recently trimmed its crude oil demand outlook for 2023 by 320,000 barrels per day, with supply also falling by 300,000 bpd. The oil producers’ cartel, OPEC, also revised its oil demand forecast for next year given the mounting economic challenges like high inflation and rising interest rates. In addition, the group warned that global supplies might become more vulnerable in the near future.
Dow ends 400 points higher as investors buy AI stocks; Microsoft rallies
Wall Street experienced gains on Friday, driven by positive performance from Microsoft and AI-related technology stocks. High oil prices and rising US Treasury yields created
September 25, 2026