Oil Prices Tick Up as Demand Outlook Improves Despite Economic Concerns
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Oil prices edge higher after IEA raises demand growth forecasts for 2022 and 2023.
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IEA cites expected economic slowdown but still sees robust demand growth.
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OPEC blames recent price drop on speculators, retains bullish demand outlook.
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US to buy 1.2 million barrels of oil to replenish strategic reserves after sales.
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Upcoming US inflation, producer price data and discussions on resuming Iraq-Turkey pipeline exports in focus.