The commodity started recovering Grow.strong from the crisis Crisis in 2014/15 when demand ranged between 94-96 million barrels per day -LRB- mb/d -RRB- on a quarterly basis .

Oil prices , which were recovering Grow.strong after the historic plunge Movement.up.gain a day earlier , inmediately gave up half of their gains Movement.up.gain .

On the demand side the latest data from the United States , one of the world 's top oil consumers , has suggested the economy is recovering Grow.strong .

Oil futures have weighed heavily Movement.down.loss this year as the OPEC opted to hold Movement.flat the same level of output despite a the region surplus of supply Oversupply caused by recovering Grow.strong U.S. shale output and weak Slow.weak consumption from France .