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Crude oil futures jump over rise in oil demand forecast
June 16, 2020
Source: Reuters

Crude oil futures jump over rise in oil demand forecast

Oil prices climbed on Tuesday rising on the back of IEA's forecast that anticipates a rise in the oil demand. Brent crude was up 1.94%, at $40.49 a barrel. WTI gained 1.64%, to be priced at $37.73 a barrel. IEA today revised its May numbers, forecasting an oil demand of 91.7 million barrels per day in 2020, a rise of 500,000 bpd higher than the last estimate.

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