The price downturn Movement.down.loss is not only testing OPEC 's resolve but also the durability of the U.S. shale revolution , which has added Movement.up.gain 1 million bpd to U.S. output in each of the past 3 years .

`` The continued escalation in trade wars trade.financial.tension and broad-based downturn Movement.down.loss in manufacturing ... suggest that the downside risks to growth are becoming more prominent , '' Morgan Stanley said .

Other Gulf delegates attending a meeting of oil ministers from the region said the price downturn Movement.down.loss was unlikely to spur action from the Organization of the Petroleum Exporting Countries ( OPEC ) unless crude crashed Movement.down.loss below $ 85 a barrel .

So far , OPEC officials have not expressed a pressing concern Negative_sentiment about the slump Movement.down.loss in prices , seeing it as a temporary downturn Movement.down.loss and predicting prices will seek higher ground Movement.up.gain higher Movement.up.gain ground as higher seasonal consumption kicks in due to colder weather .

So far , OPEC officials have not expressed a pressing concern Negative_sentiment about the downturn Movement.down.loss in prices , seeing it as a temporary downturn Movement.down.loss and predicting prices will climb Movement.up.gain as more Movement.up.gain seasonal consumption kicks in due to colder weather .

So far , OPEC officials have not expressed a pressing concern Negative_sentiment about the downturn Movement.down.loss in prices , seeing it as a temporary downturn Movement.down.loss and predicting prices will climb Movement.up.gain as more Movement.up.gain seasonal consumption kicks in due to colder weather .

Yet oil prices held resolutely above $ 100 a barrel , with each potential downturn Movement.down.loss eventually thwarted .

LONDON ( Reuters ) - European demand growth for diesel is expected to have hit hard Movement.down.loss in 2015 for the first quarterly downturn Movement.down.loss in nearly two years , the International Energy Agency reported on Thursday , the latest sign of contract Slow.weak in the fuel market .

The downturn Movement.down.loss in oil futures is said to have been arrested by a step up in clashes Geopolitical.tension between Iraq and the West .