Crude oil futures climbed higher amid improved global demand outlooks, but concerns that rising COVID-19 cases in the US could send more states into lockdown weighed on refined product prices July 14. Receive daily email alerts, subscriber notes & personalize your experience. Register Now NYMEX August WTI settled 19 cents higher at $40.29/b and ICE September Brent was up 18 cents day on day at $42.90/b. Improved OPEC crude demand forecasts released July 14 pulled oil futures off overnight lows in early US trading. In its closely watched Monthly Oil Market Report, OPEC revised upward its forecast of 2020 oil demand by 130,000 b/d to 90.72 million b/d. And in its first 2021 market outlook, OPEC projected oil demand would surge to 97.72 million b/d — still […]