WTI drops back below $82 despite upbeat IEA’s oil market report
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In its latest oil market report published on Wednesday, the International Energy Agency (IEA) said that China is set to account for half of 2023 oil demand growth after COVID-19 reopening.
WTI is paring back gains from daily highs of $82.12 despite the upbeat IEA’s outlook on global oil demand. The US oil is trading at $81.75, still adding 0.55% on the day.
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