The bank's expectations came on the impact of high oil demand, accompanied by declining production and cuts in supplies.
He added in a note that demand recorded a strong start in 2019, while data recently indicated that concerns about oil demand are expected to further decline. < / p>
The American Bank estimated that global total demand increased by about two million barrels per day during last January, noting that this growth was evident in both emerging and developed markets.
Crude oil prices are heading towards recording the best quarterly performance since mid-2016, with a 25% rise since the beginning of the first quarter of 2019.
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