Oil rose close to 83 dollars a barrel on Friday as the International Energy Agency reported unexpectedly strong growth in world energy demand, led by China.
New York’s main contract, light sweet crude for April delivery, added 49 cents to 82.60 dollars a barrel.
Brent North Sea crude for April gained 48 cents to 80.76 dollars per barrel in midday London trading.
“The continued economic optimism buoyed the oil price above the mark of 82 dollars per barrel,” said Commerzbank analyst Eugen Weinberg.
via Oil prices near $83 on upbeat IEA report.
