{"id":617387,"date":"2023-11-15T09:19:06","date_gmt":"2023-11-15T03:49:06","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=617387"},"modified":"2023-11-15T09:35:45","modified_gmt":"2023-11-15T04:05:45","slug":"crude-oil-prices-edge-higher-as-iea-raises-demand-growth-forecast","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/crude-oil-prices-edge-higher-as-iea-raises-demand-growth-forecast\/","title":{"rendered":"Crude oil prices edge higher as IEA raises demand growth forecast"},"content":{"rendered":"<p>Oil prices edged higher on Tuesday after the International Energy Agency (IEA) raised its demand growth forecasts, adding to bullish sentiment from the previous day&#8217;s OPEC guidance. <\/p>\n<p>Brent crude futures gained 20 cents, or 0.2%, to $82.72 a barrel by 0918 GMT. U.S. WTI crude futures climbed 21 cents, or 0.3%, to $78.47. <\/p>\n<p>The IEA raised its oil demand growth forecasts for this year and next despite an expected slowdown in economic growth in nearly all major economies. <\/p>\n<p>The agency&#8217;s 2023 growth forecast was lifted to 2.4 million barrels per day (bpd) from 2.3 million bpd. For 2024, it raised the forecast to 930,000 bpd from 880,000 bpd.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices edged higher on Tuesday after the International Energy Agency (IEA) raised its demand growth forecasts, adding to bullish sentiment from the previous day&#8217;s OPEC guidance. Brent crude futures gained 20 cents, or 0.2%, to $82.72 a barrel by 0918 GMT. U.S. WTI crude futures climbed 21 cents, or 0.3%, to $78.47. The IEA raised its oil demand growth forecasts for this year and next despite an expected slowdown in economic growth in nearly all major economies. The agency&#8217;s 2023 growth forecast was lifted to 2.4 million barrels per day (bpd) from 2.3 million bpd. For 2024, it raised [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-617387","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/617387","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=617387"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/617387\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=617387"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=617387"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=617387"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}