Investing.com -- Crude oil prices edged higher on Thursday after the Organization of Petroleum Exporting Countries upheld its forecast for global oil demand next year, while indicating it expects supply from non-OPEC sources to grow slightly less than previously thought. The report also trimmed forecasts for global demand growth this year.
OPEC now sees 2019 global crude demand at 980k barrels a day
OPEC reiterated 2020 global crude demand to grow by average of 1.08 million barrels a day
Non-OPEC supply expected to grow 2.20 million b/d, down from 2.25 million in Sept. report
WTI futures rise to $52.99 a barrel by 8:05 AM ET, up 0.8% on the day, from $52.70 beforehand
Brent futures rise to $58.72 from $58.39 beforehand