Oil Supply / Demand

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May 27: Scotiabank says "Signs point to an edging down in U.S. ‘light, tight’ oil production from the shales, given a 56.9% year-over-year plunge in U.S. oil-focused drilling activity,” says Scotiabank’s commodity price index released on May 26, 2015. “Equally important, U.S. petroleum demand (as measured by products supplied) has climbed by 3.9% year-over-year in the four weeks to May 15.”