iStockThe story of slowing global growth that Wall Street has been telling itself in recent months added a new chapter Friday in the form of Chinese industrial production data. Oil Slips BackMeanwhile, oil prices were under pressure again a day after attacks on oil tankers in the Middle East helped boost prices. The U.S. government has lowered its world demand growth forecast. OPEC underscored the demand-side worries by cutting its forecast for 2019 demand growth, and it also said it expects non-OPEC producers to increase output this year in excess of demand growth. And the International Energy Agency cut its global oil demand growth forecast for this year amid concerns over trade.

Source: Forbes June 14, 2019 13:41 UTC