WTI battles $87 mark after IEA says oil demand growth is set to halt in Q4 2022
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In its latest oil market report, the International Energy Agency (IEA) sounded downbeat on the oil demand growth prospects amid an economic slowdown globally.
WTI is keeping the red around the $87 mark amid IEA’s dire oil demand outlook. The US oil is down 0.25% on the day to trade at $87.09, as of writing. The black gold hit a daily low of $86.75 on the release of the above report.
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