IEA sees largest drop of oil demand in history this year, before biggest-ever one-year jump in 2021

CNBC | The International Energy Agency said on Tuesday that it expects the fall in oil demand this year to be the largest in history, but believes there are signs the market could reach “a more stable footing” over the coming months.


International benchmark Brent crude futures traded at $40.53 on Tuesday afternoon, more than 2% higher, while U.S. West Texas Intermediate futures stood at $37.81, up around 1.8%.


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