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Oil price steadies after IEA raises 2022 demand growth outlook
short by Srishty Choudhury / on Thursday, 11 August, 2022
After the International Energy Agency (IEA) raised its oil demand growth forecast for 2022 by 3,80,000 barrels per day, oil prices steadied on Thursday. Brent crude futures fell 7 cents to $97.33 a barrel, while US West Texas Intermediate crude futures eased 9 cents to $91.84. "Natural gas and electricity prices have soared to new records," the IEA said.
read more at Reuters