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Reuters

Reuters

Oil trims losses on tight near-term supply

Reuters
Summary
Nutrition label

81% Informative

OPEC downgrades forecast for global oil demand growth in 2024 and 2025 .

Falling demand projections and weakness in major consumer China continue to weigh on market sentiment.

Buyers in the physical market have been particularly active, with any available cargoes being snapped up quickly.

U.S. weekly inventory reports have been delayed by a day following Monday 's Veterans Day holiday .

VR Score

92

Informative language

98

Neutral language

75

Article tone

formal

Language

English

Language complexity

49

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

Affiliate links

no affiliate links