WTI Crude Oil surged above $90 a barrel on good buy support. Global oil demand is expected to hit nearly 107 million barrels per day (mb/d) in 2027, a robust 10 mb/d increase compared to 2021, OPEC said in its World Oil Outlook 2022 released Monday OECD oil demand is on a declining trajectory after 2024, falling to 34 mb/d by the end of the forecast period. This corresponds to a drop in aggregate demand of almost 11 mb/d between 2021 and…
