IEA Expects Oil Demand to Fall for First Time in 10 Years
February 18, 2020 at 11:41 AM EST
The coronavirus is having a greater impact globally than initially thought, and it’s spilling over into oil prices. The International Energy Agency (IEA) is expecting demand to fall for the first time in 10 years, which doesn’t bode well for bullish oil traders. Per a Business Insider report, the...