This week, IEA and OPEC expect demand to rise by 70,000 bpd from last month’s forecast and global demand is likely to rise by 5.95 million bpd in 2021, it said.
According to forecasts, oil price rise will be seen especially in the United States and China, where it is estimated an average of 96.7 million bpd will be consumed, in other words, 230,000 more than anticipated in March´s reports.
On the London Stock Exchange, Brent crude was up by 36 cents (0.54%) at $66.94 a barrel. Meanwhile, on the New York Stock Exchange, US West Texas Intermediate futures rose 31 cents (0.49%) to $63.46 a barrel.
ef/pll/jcm/lpn