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Oil struggles for direction as IEA flags greater volatility ahead, OPEC cuts demand forecast
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- Oil was struggling for direction Thursday as traders weighed OPEC's lower demand outlook for this year, while the International Energy Agency flagged greater volatility ahead.
- International benchmark Brent crude futures for July were down 0.21% at $105.42 a barrel, while U.S.
Livestream Menu Make Itselect USAINTLLivestream Search quotes, news & videos Livestream Watchlist SIGN INCreate free account Markets Business Investing Tech Politics Video Watchlist Investing Club PROLivestream Menu
Oil was struggling for direction Thursday as traders weighed OPEC's lower demand outlook for this year, while the International Energy Agency flagged greater volatility ahead.
International benchmark Brent crude futures for July were down 0.21% at $105.42 a barrel, while U.S. West Texas Intermediate futures for June fell 0.16% at $100.87 per barrel. Both had started the day marginally higher.
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