Oil Up, Backed by CPI Data
Despite expecting a slowdown in economic growth in nearly all major economies, the IEA raised its oil demand growth forecasts for this year to 2.4 million bpd from 2.3 million bpd and lifted their 2024 forecast to 930,000 bpd from 880,000 bpd.
Despite expecting a slowdown in economic growth in nearly all major economies, the IEA raised its oil demand growth forecasts for this year to 2.4 million bpd from 2.3 million bpd and lifted their 2024 forecast to 930,000 bpd from 880,000 bpd.
