In its monthly Oil Market Report, the IEA reported slowing production and signs of increased demand in the future
Brent crude oil rose more than $2 to reach a high of $50.36 yesterday on news from the International Energy Agency (IEA) that there are signs of prices taking a turn up in the future. In its Oil Monthly Report (OMR), the IEA said, “How low the market’s floor will be is anybody’s guess. But the selloff is having an impact. A price recovery – barring any major disruption – may not be imminent, but signs are mounting that the tide wil...


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