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The International Energy Agency reported that global oil demand will increase by an average of 930,000 barrels per day (bpd) in 2026, up from 850,000 bpd in 2025. Non-OECD countries are expected to account for all the demand growth in 2026. The price of WTI crude oil stood at $64.36 per barrel on 2/9/26, up 12.09% year-to-date, according to data from Bloomberg.
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