`` Next year post-election we should get the strong Grow.strong demand we mis-forecast for this summer . ''

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

Looking ahead into the second quarter , I expect oil prices to continue to seek higher ground Movement.up.gain while being kept in check by strong Grow.strong US shale production levels and caution over the prospect of a slowdown Slow.weak in global demand .

Post-recession bounces in Europe and strong Grow.strong demand in India pushed global oil demand to a five-year high Position.high in the third quarter of 2015 , but a glut in supply Oversupply resulting from a shale oil boom Grow.strong and OPEC cartel politics has already weighed heavily Movement.down.loss on oil prices , according to CNBC .

Investing.com - Crude oil prices fell Movement.down.loss in Asia on Monday as the market took note of fresh additions Movement.up.gain to the US rig count last week and strong Grow.strong production in the United States .

Brent crude oil climbed Movement.up.gain to around $ 110 a barrel on Tuesday , supported by tight Slow.weak supply and strong Grow.strong demand growth from the world 's top oil consumers , the United States and China .

By Catherine Ngai NEW YORK -LRB- Reuters -RRB- - Global oil prices slid Movement.down.loss further on Friday , with Brent on track for the first weekly close below $ 70 a barrel since 2010 , as strong Grow.strong U.S. employment data did little to lift the oil market 's bearish Slow.weak mood a day after Saudi Arabia cut Cause.movement.down.loss official selling prices .