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Global oil market seen balanced in 2018, even with rising output: IEA

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The IEA says it continues to see global demand for crude growing by 1.6 million barrels per day in 2017, before moderating to 1.4 million bpd in 2018.

London

GLOBAL supply and demand for crude oil will be largely balanced next year, as growth in consumption helps erode a three-year-old overhang of unused fuel and should mostly offset a steep rise in output, the International Energy Agency (IEA) said on Thursday.

In its monthly

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