Crude oil futures contracts were trading above their levels from Thursday on Friday morning in Europe, with bulls in the market taking heart from the latest forecasting from the International Energy Agency, which essentially calls for a less severe coronavirus demand disruption. Receive daily email alerts, subscriber notes & personalize your experience. Register Now According to its latest report issued Thursday, the IEA forecasts 2020 demand to fall 8.6 million b/d on average compared with 2019, a better scenario than an average decline of 9.3 million b/d from the agency’s prediction one month earlier. At 0851 GMT Friday, ICE July Brent crude futures was trading at $31.91/b, with NYMEX June WTI crude futures trading at $28.18/b, up 2.5% and 2.2% from the previous day’s settle, respectively. The IEA […]