Oil forecast receives a bump amid concerns

ENERGY: The International Energy Agency (IEA) bumped up its 2020 oil demand forecast but warned that the spread of Covid-19 posed a risk to the outlook.

The Paris-based IEA raised its forecast to 92.1 million barrels per day (bpd), up 400,000 bpd from its outlook last month, citing a smallerthan-expected second-quarter decline.