- March 18, 2024
- Posted by: AliensFaith
- Category: OBJECTIVE PRESS
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Crude oil prices held on to their gains from last week, moving higher still in mid-morning trade in Asia today amid continued concern about supply. Last week, an IEA report fueled a 4% gain for benchmarks, with Brent crude topping $85 per barrel and West Texas Intermediate advancing above $81. The IEA said in its report that the oil market this year will swing into a deficit—a radical revision of its stance from last month when it said the market would be oversupplied. The IEA revised its oil demand forecast higher, meanwhile,…
