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IEA raises oil demand view on gas-to-oil switching

A better-than-expected response to Europe’s energy crisis and surprising economic resilience among major Asian economies are boosting demand for oil as a heat source, the International Energy Agency said Wednesday as it lifted its forecast for global crude demand. The Paris-based energy watchdog raised its oil CL.1, +0.93% BRN00, +0.83% demand growth forecasts for 2022 by 140,000 barrels a day…

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CL.1 | Crude Oil WTI (NYM $/bbl) Front Month Overview | MarketWatch

This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit http://www.marketwatch.com or the quote page for more information about this breaking news. Source link

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