Oil Rises, Aided by IEA's Forecasts for Smaller Surplus in 2025, 2026

Core Viewpoint - Oil prices have increased following the International Energy Agency's reduction of its forecasts, indicating a volatile market environment [1] Price Trends - Brent crude oil prices are currently fluctuating between $60 and $65 per barrel [1] - Weekly price swings of 4% to 7% highlight ongoing uncertainty in the oil market [1]