IEA Raises Outlooks for 2023, 2024 Oil Demand Growth

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As inflation calls Kristen one commodity is moving in that different direction. Tell us more. Yes. So oil prices are rising as the International Energy Agency lifted its oil demand forecast. This agency of its outlook for this year and next year a day after the organization of the petroleum exporting countries are on Monday inched up its own oil demand projections for this year while higher demand could yield higher prices that would impact the inflation number. But it's in fact why central bankers strip out energy prices for certain inflation calculations each month because like food oil can be volatile.