Crude Oil Headed For A Weekly Gain Of 3%; EIA Raises Its 2024 Demand Est To 1.1 mbpd | CNBC TV18

Oil prices rise on reports of falling U.S. crude oil inventories and on higher global demand views. Brent crude is up 0.5% at $82.32 a barrel, while WTI trades 0.7% higher at $78.42 a barrel.

Commercial crude stocks are expected to have fallen by 1.2 million barrels last week, according to a Wall Street Journal survey. The EIA raised its 2024 forecast for global oil consumption growth by around 200,000 barrels a day to 1.1 million barrels a day, while OPEC kept its bullish demand-growth estimates unchanged.

#crudeoil #crudeoilprices #brentcrudeoilprices #cnbctv18 #businessnews #businessnewstoday #businessnewsinenglish #sharemarkettoday

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