Oil prices are heading to record gains for the fourth consecutive week, after the International Energy Agency said that global demand will rise to a new record this year, supported by the recovery of consumption in China, despite the strengthening of the dollar.
And the agency warned that the production cuts announced by the “OPEC +” producing countries may increase the oil supply deficit and harm consumers.
Brent crude futures fell 1 cent to 86.08 dollars. US West Texas Intermediate crude futures rose 30 cents to $82.46.
