EIA boosts 2023 world oil demand growth but cuts 2024 forecast

<ul><li>Sees world oil demand 50k bpd higher this year</li><li>Sees demand 250k bpd below previous levels next year</li><li>Sees 2023 demand up 1.81 mbpd</li><li>Sees 2024 demand up 1.36 mbpd</li><li>Global oil inventories forecast to fall by 0.2 million b/d in the fourth quarter of 2023 </li><li>forecast U.S. gasoline consumption will average 8.9 million b/d in 2023
and 8.7 million b/d in 2024. The 2024 forecast is down by 0.2 million
b/d from our August STEO due to lower working age population.</li><li><a href="https://www.eia.gov/outlooks/steo/report/" target="_blank" rel="nofollow">Full report</a></li></ul><p>WTI crude oil was last up $1.85 to $89.13.</p>

This article was written by Adam Button at www.forexlive.com.