Nonetheless , the organisation kept its global growth forecast for 2019 unchanged Movement.flat at 1.4 mb/d based on solid Grow.strong non-OECD growth and even revised regional growth estimates upward Movement.up.gain based on gains Movement.up.gain in parts of the Middle East and Asia .

Futures pared early losses Movement.down.loss after solid Grow.strong U.S. employment data .

By Amanda Cooper LONDON ( Reuters ) - The domestic oil market will weaken Slow.weak this year to absorb solid Grow.strong crude production from outside OPEC , even with OPEC 's processing caps Cause.movement.down.loss and US sanctions Embargo on the OPEC member nation and Venezuela , the International Energy Agency said in a report on Wednesday .

Looking ahead into the second quarter , I expect oil prices to continue to trend upward Movement.up.gain while being kept in check by solid Grow.strong US shale output levels and caution over the prospect of a contract Slow.weak in global consumption .