China

The report expects robust demand in Western economies, especially the US, which consumes one-third of global gasoline

OPEC also cut next year's demand growth estimate to 1.78 million bpd from the previous 1.85 million bpd

Before last week, oil prices recorded four consecutive weeks of losses amid fears of slowing economic growth

U.S. dollar declined by 0.15 percent to 103.05, making greenback-priced bullion more affordable for other currency holders
