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Stock Rally Nobody Is Comfortable With Makes It Hard to Chase

(Bloomberg) -- Equity investors pushed back into the market by a relentless rally are about to find out that the real challenge is just beginning.Most Read from BloombergAs Coastline Erodes, One California City Considers ‘Retreat Now’What’s Behind the Rise in Serious Injuries on New York City’s Streets?A New Central Park Amenity, Tailored to Its East Harlem NeighborsHow Finland Is Harvesting Waste Heat From Data CentersLawsuit Challenges Trump Administration Policy on Migrant ChildrenA sharp reb

OPEC expects slower 2025 oil supply growth from rivals after price drop

LONDON (Reuters) -OPEC on Wednesday trimmed its forecast for growth in oil supply from the United States and other producers outside the wider OPEC+ group this year and said it expected lower capital spending following a decline in oil prices. Supply from countries outside the Declaration of Cooperation - the formal name for OPEC+ - will rise by about 800,000 barrels per day in 2025, OPEC said in a monthly report, down from last month's forecast of 900,000 bpd. A slowdown in supply growth outside OPEC+, which groups the Organization of the Petroleum Exporting Countries plus Russia and other allies, would make it easier for OPEC+ to balance the market.