IEA cuts 2025 world oil demand growth forecast on trade tensions

By X-blogger - on April 16, 2025

The International Energy Agency on Tuesday sharply cut its forecast for the growth in global oil demand this year due to escalating trade tensions, a day after a similar move by producer group OPEC. Agency also said it expects 2026 growth to slow further.

The last session saw the Oil fall 0.3% against the Dollar. The CCI is giving a positive signal.
Support: 59.216 | Resistance: 62.726

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