Oil surges after OPEC maintains demand forecast; brent crude at $84.67/bbl

Oil surges after OPEC maintains demand forecast; brent crude at $84.67/bbl

Oil prices stabilized on Wednesday as the Organization of the Petroleum Exporting Countries (OPEC) maintained its growth forecast for oil demand for this year and next, while U.S. crude and gasoline inventories likely decreased last week. At 1312 GMT, Brent futures rose by 1 cent, or 0.01%, to $84.67 a barrel, following a 1.3% decline … Read more