Debate Rages Over Global Oil Demand

Signs that inflation may be easing in the U.S. have given oil markets a bullish hue this week, but uncertainty over demand remains.Friday, June 14, 2024After several weeks of unpredictable see-sawing, oil markets are back to their usual self. The IEA and OPEC are publicly arguing about the future of oil demand, U.S. interest rate cuts are still not happening, and questions remain about the strength of summer gasoline demand. That said, a positive outlook in U.S. inflation data might have helped to tilt the balances slightly in favor of…