Oil Futures Surge Following Upbeat Forecast by International Energy Agency

Thursday, 14 March 2024, 11:59

Oil prices climbed as the International Energy Agency upgraded its demand-growth forecast for this year while reducing supply expectations from non-OPEC nations. This positive outlook has led to a surge in oil futures on Thursday.
https://store.livarava.com/d051df5e-e1fa-11ee-9670-5254a2021b2b.jpe
Oil Futures Surge Following Upbeat Forecast by International Energy Agency

Oil prices surge following revised forecast by International Energy Agency

Oil futures rose Thursday, finding support after the International Energy Agency lifted its forecast for oil-demand growth this year and cut its outlook for supply from countries outside the Organization of the Petroleum Exporting Countries.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


Related posts


Newsletter

Get the most reliable and up-to-date financial news with our curated selections. Subscribe to our newsletter for convenient access and enhance your analytical work effortlessly.

Subscribe