Brent Soars Past $85 As IEA Recalculates Supply, Demand ...Middle East

Economy by : (OILPRICE) -
Crude oil prices hit a four-month high on Thursday, with the U.S. benchmark crossing over the $80 mark and Brent passing $85 per barrel after changes in supply and demand predictions that bring OPEC+ and International Energy Agency (IEA) forecasts into closer alignment.  After gaining nearly $3 on Wednesday, at 3:43 p.m. ET on Thursday, Brent crude was trading at $85.23, up 1.43% on the day. West Texas Intermediate (WTI) was trading at $81.13, up 1.77% on the day.  Earlier on Thursday, the IEA tweaked its forecasts for this year, predicting…

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