The International Energy Agency cut its forecast for oil-demand growth this year as subdued industrial activity and mild winter temperatures reduced gasoil consumption across some of the world’s largest economies, particularly in Europe.
Consumer-price index data is set to land after Fed Chair Jerome Powell said he still expected inflation to head lower, but was less confident than he had been on the outlook.
The move came in response to a court order to ban the distribution of ‘Glory to Hong Kong,’ adding to fears of declining free speech as the authorities carry out a campaign against dissent.
