Crude Oil Latest: Trend Higher Still In Place Despite IEA Cutting Forecast For Demand
January 19, 2021 at 19:58 PM EST
The International Energy Agency, in its latest monthly oil market report, has lowered its forecasts of global oil demand by 300,000 barrels per day for this year, with the cut focused on Q1 when the IEA has lowered its forecast by 600,000 bpd.