Mixed Oil Futures in Friday Trade – DTN The Progressive Farmer
Weak aviation and a second wave of infections remain the main concerns of the nascent recovery in global oil demand. The IEA has downgraded its demand estimates for 2020 and 2021, predicting little or no improvement in demand for jet fuel and kerosene. The Paris-based agency trimmed 140,000 barrels per day (b / d) from its 2020 demand estimates to 91.9 million b / d on average, forecasting a…