On Wednesday afternoon, oil prices moved lower after the International Energy Agency lowered its forecast for global demand. October futures for Brent on ICE decreased by $0.36 (0.54%) to $65.76 per barrel, September WTI on NYMEX – by $0.46 (0.73%) to $62.71.The IEA now expects global oil demand to grow by 685 thousand b/d in 2025 against the July estimate of 704 thousand b/d. At the same time, the supply forecast was increased by 370 thousand b/d to 105.5 million b/d, mainly due to the revision... Read More
