EIA lowers global oil demand expectations, citing spread of delta variant

MarketWatch | Sep 8, 2021 at 6:32 PM
  • The Energy Information Administration on Wednesday said it lowered its 2021 global oil demand expectations to account for “reactions to the proliferation of the delta variant.”
  • It forecasts 2021 U.S. crude-oil output at 11.08 million barrels per day, down 0.3% from the previous forecast.
  • On Wednesday, October WTI crude oil CLV21, +1.40% rose 98 cents, or 1.4%, to trade at $69.33 a barrel.