IEA forecast is optimistic for oil producers

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The demand for oil will increase more this year than initially anticipated. This was revealed on Wednesday in a report by the International Energy Agency IEA.

The IEA increased the estimate today by 230,000 barrels of oil per day. As a result, the demand for oil is increasing by 5.7 million barrels a day this year.

Tuesday also oil cartel OPEC already increased oil demand estimates by 100,000 barrels per day in 2021.

The price of oil rose about 1.5 percent on Wednesday.

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