From Investing.com:

Oil prices rose on Thursday following the IEA’s report predicting a tighter market in 2024. Brent futures settled above $84 a barrel, with WTI crude up as well. The IEA raised its 2024 demand growth forecast but warned of a global economic slowdown affecting oil use. Supply forecast was cut, resulting in a tighter market. U.S. producer prices rose in February, while retail sales rebounded. Traders’ interest rate cut bets were unaffected. Russia expects increased exports due to refinery outages caused by Ukrainian drone strikes targeting oil facilities. Seaborne fuel exports from Russia fell due to refinery downtime from the attacks.



Read more at Investing.com: Oil prices rise as revised IEA forecasts suggest tighter market By Reuters