Oil prices extend gains into third session amid Middle East tensions

Oil prices extend gains into third session amid Middle East tensions

Oil prices edged up on Thursday to extend gains into a third straight session, as tensions in the Middle East stoked fears of potential disruptions to supply. Brent crude futures were at $72.04 a barrel at 0110 GMT, up 27 cents, or 0.4 percent, from their last close. Brent closed up 0.7 percent on Wednesday.

IEA cuts oil demand outlook for 2019

IEA cuts oil demand outlook for 2019

Oil demand growth estimates for both 2018 and 2019 have been cut, the International Energy Agency revealed in its latest report issued Wednesday. Last year’s oil demand growth estimate has been revised downward by 70,000 barrels per day (bpd) to 1.2 million bpd

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