Brent crude futures were down 19 cents at $82.56 a barrel by 1003 GMT, while U.S. West Texas Intermediate crude futures lost 32 cents to $78.30
Oil prices were stable on Friday and on course for their best week in more than two months after solid projections for crude oil and fuel demand.
The International Energy Agency, meanwhile, expects oil demand to peak by 2029, levelling off around 106 million barrels per day towards the end of the decade, it said in a report on Wednesday. “In view of the still uncertain economic outlook for the major economic regions, a further price increase is not to be expected for the time being,” said Commerzbank analyst Barbara Lambrecht.
“No matter how many times it promises to make up for poor compliance at a future date, the market just sees more oil and an agreement that might just possibly unravel,” said PVM analyst John Evans.
Energy Cent Oil Week United States Brent Opec Demand Course John Evans Commerzbank Organization Of Petroleum Exporting Countries
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