Oil price remains steady after IEA lowers 2020 demand forecast
The IEA says reduced air travel due to the Covid-19 pandemic will lower global oil consumption in 2020 by 8.1-million barrels per day
13 August 2020 - 12:25
London — Oil prices held steady on Thursday after the International Energy Agency lowered its 2020 oil demand forecast following unprecedented travel restrictions and data showing a decline in US inventories provided some support.
Brent crude fell seven US cents, or 0.1%, to $45.36 a barrel by 9.33am GMT, and West Texas Intermediate (WTI) was down 3c, or 0.1%, to $42.64 a barrel...
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