LONDON, July 10 (Reuters) - The International Energy Agency
(IEA) bumped up its 2020 oil demand forecast on Friday but
warned that the spread of COVID-19 posed a risk to the outlook.
The Paris-based IEA raised its forecast to 92.1 million
barrels per day (bpd), up 400,000 bpd from its outlook last
month, citing a smaller-than-expected second-quarter decline.
"While the oil market has undoubtedly made progress ... the
large, and in some countries, accelerating number of COVID-19
cases is a disturbing reminder that the pandemic is not under
control and the risk to our market outlook is almost certainly
to the downside," the IEA said in its monthly report.