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energybuyer

09/29/24 2:35 PM

#49527 RE: energybuyer #49526

Investors have turned bearish on oil amid fears of an OPEC+ price war and weak China oil demand.

But if world GDP grows 3.3% next year, energy demand will likely surge, Bank of America says.

They say the AI boom will spark data center demand, driving global energy consumption higher.