Market Recap - China disappoints, OPEC gives hope


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Yesterday it was OPEC’s turn to publish its monthly report and provide with insights on global growth and the oil market. Global growth for 2019 continues to be projected at 3.2% with upward revisions for China (6.2% expected GDP growth in 2019 vs 6.1% expected growth at the April’s report) and the USA (2.6% vs prior 2.4%) and downward revision for Japan (0.4% vs prior 0.2%). READ MORE