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Feb. 13, 2020, 4:22 a.m. EST

IEA cuts world oil demand growth view to lowest since 2011

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By Steve Goldstein

The International Energy Agency on Thursday lowered its view on world oil demand growth to the lowest level since 2011 due to the coronavirus outbreak that has paralyzed China. The IEA cut growth in 2020 by 365,000 barrels a day to 825,000 barrel a day. Crude-oil futures fell 41 cents to $50.76 a barrel.

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