Highlights OPEC raises 2021 demand outlook US dollar tests three-week lows Libya pay dispute threatens to shutter ports Crude oil futures settled higher April 13 on the back of a weaker US dollar and improved global demand outlook. NYMEX May WTI settled up 48 cents at $60.18/b and ICE June Brent moved 39 cents higher to $63.67/b. In its closely watched monthly oil market report released April 13, OPEC raised its demand forecast by 190,000 b/d from its March estimate, expecting consumption to average 96.46 million b/d this year, citing economic stimulus programs and a further easing of COVID-19 lockdown measures. Year on year, global oil demand was projected to grow 5.95 million b/d in 2021, compared with the 5.89 million b/d forecast in March. NYMEX May RBOB was up 57 points at $1.9757/gal and […]