Crude oil futures fell nearly 2% on Monday after OPEC cut its demand forecast for 2024 for the third time in a row.
OPEC now sees demand growing by 1.9 million barrels per day in 2024, down from 2 million bpd in its previous forecast, according to a report released Monday.
The group expects demand to grow by 1.6 million bpd in 2025, compared with 1.7 million bpd previously.
U.S. officials told NBC News that Israel has narrowed down the targets it plans to hit.
These include military targets and energy infrastructure, the officials told NBC.
Persons:
Tamas Varga
Organizations:
Traders, NBC News, NBC
Locations:
China, Israel, Iran, U.S