Oil demand rebound set for hit from rising coronavirus cases -IEA By Reuters

Oil demand rebound set for hit from rising coronavirus cases -IEA

CoronavirusJan 19, 2021 10:00

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Oil demand rebound set for hit from rising coronavirus cases -IEA

LONDON, Jan 19 (Reuters) - Global oil demand will take a hit
from a spike in new coronavirus cases before vaccine roll-outs
and stimulus measures help in the second half of the year, the
International Energy Agency (IEA) said on Tuesday.
"Border closures, social distancing measures and shutdowns,
among other policies, will continue to constrain fuel demand
until vaccines are more widely distributed, most likely only by
the second half of the year," the Paris-based watchdog said in
its monthly report.

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NSE All Share	39,931.63	+131.74	+0.33%
US 30 Futures	31,375.0	-134.0	-0.43%
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DAX	13,976.25	-36.57	-0.26%
South Africa Top 40	62,071.87	-35.17	-0.06%

Brent Oil	62.83	-0.86	-1.35%
Crude Oil WTI	59.87	-0.77	-1.27%
Gold	1,716.05	-6.95	-0.40%
Silver	26.125	-0.553	-2.07%
Copper	4.0953	-0.0177	-0.43%
London Cocoa	1,936.00	+24.00	+1.26%
London Wheat	207.25	-0.15	-0.07%

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EUR/USD	1.2006	-0.0042	-0.34%
GBP/USD	1.3874	-0.0048	-0.34%
EUR/NGN	495.900	-2.600	-0.52%
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Access Bank	8.10	-0.10	-1.21%
Zenith Bank	25.80	+0.35	+1.38%
UBA	8.35	+0.20	+2.45%
FBN Holdings	7.10	-0.25	-3.40%
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Dangote Cement	209.00	-11.00	-5.00%

Oil demand rebound set for hit from rising coronavirus cases -IEA

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