Partly reflecting a spike in the output of motor vehicles and parts, the Federal Reserve released a report on Friday showing U.S. industrial production increased by much more than expected in the month of March.
After reporting an unexpected contraction in New York manufacturing activity in the previous month, the Federal Reserve Bank of New York released a report on Friday showing a substantial rebound in activity in the month of April.
OPEC sees 2021, 2022 global oil demand growth forecasts unchanged in latest monthly report
OPEC releases its latest monthly report on the oil market
here
Unless oil prices show further vulnerabilities to being hit by OPEC+ raising output and/or from delta variant concerns, the bloc may feel confident to stick with the current view.
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