Defying forecasts, crude oil prices have wiped out most of this year's gains and could head lower
Oil prices are defying expectations and are barely higher on the year, as the outlook for oil demand continues to deteriorate for now.
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### Instruction: Defying forecasts, crude oil prices have wiped out most of this year's gains and could head lower

### Response: Oil prices are defying expectations and are barely higher on the year, as the outlook for oil demand continues to deteriorate for now.