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Ford Motor Co. Message Board

limitspecs38 1 post  |  Last Activity: Feb 9, 2015 10:06 AM Member since: Sep 6, 2012
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  • LONDON (Reuters) - Brent crude prices rose above $58 a barrel on Monday after OPEC forecast demand for its oil would be greater than expected in 2015 and the number of U.S. oil rigs hit a three-year low.

    The Organization of the Petroleum Exporting Countries (OPEC) forecast demand for the cartel's oil will average 29.21 million barrels per day (bpd) in 2015, up 430,000 bpd from its previous forecast.

    In a monthly report issued on Monday, OPEC also slashed its forecast for the rate of growth in non-OPEC supply, citing a slowdown in the U.S. shale boom and lower capital investment by energy firms.

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16.14-0.02(-0.12%)Mar 31 4:01 PMEDT