Oil Price Pressure to Ease Despite Global Tension-IEA

"There are reasons to be optimistic about supply and demand balances going forward," Halff at the IEA said.

The IEA increased its projection for the need for OPEC crude by 100,000 bpd to 29.7 million bpd, a level below the group's current output.

(Reporting by Christopher Johnson and David Sheppard; editing by William Hardy and Keiron Henderson)


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