Oil supplies are set to tighten, but concern over weak demand growth limits price gains: EIA
July 11, 2023 at 13:45 PM EDT
Global crude oil inventories are set to decline over the next 15 months, but worries about the global economy and prospects for weaker energy demand are likely to limit any price gains for oil, according to the U.S. Energy Information Administration's monthly Short-term Energy Outlook report released on Tuesday.