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Oil

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OPEC sees 33.40 mil b/d demand for its crude oil in H2 2018, but July output at 32.32 mil b/d

Highlights

H2 2018 call on OPEC crude exceeds July output by 1.08 mil b/d

Market tightness to ease in 2019 as non-OPEC supply emerges

US-China tariffs not expected to impact oil demand growth