Bloomberg News
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Oil Prices Rise But Long-Term Trends Show Slowing Demand
Posted
April 29, 2019
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362
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April 29, 2019
362
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1:01Now PlayingOil prices are rising, but long-term trends still point to more supply and less demand. Political turmoil in oil-rich countries as well as plans to eliminate all waivers to buy Iranian oil without facing U.S. sanctions have sent oil prices to their highest in 2019. However, the long-term trend shows oversupply and slowing demand from fuel-efficient cars.
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