IEA: Easing Middle East tensions push down oil price
Arab Today
A recent plunge in oil prices reflected a perceived easing of Middle East tensions and record non-OPEC supply, but strains in the market could soon reappear, the IEA said on Thursday. Raising slightly its estimate for global demand for oil this year because of unexpectedly strong European demand, the International Energy Agency said that the oil price fall had been "especially dramatic".
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