With WTI crude hovering near $78.20 this morning, market sentiment is leaning bullish. The crude oil price forecast today indicates upward momentum if U.S. EIA stock reports show a larger-than-expected decline, boosting energy sector equities. The Japanese stock market on Thursday wrote a finish to the four-day losing streak in which it had slumped almost 1,200 points or 2.7 percent. The Nikkei 225 now sits just above the 44,930-point plateau and it may add to its winnings on Friday. Global oil demand is now expected to rise by just 680,000 barrels per day (bpd) this year, and by 700,000 bpd in 2026, to reach 104.4 million bpd next year, the IEA said in its monthly Brent crude is trading higher, supported by bullish crude oil price forecast today data from global consultancies citing stronger manufacturing activity. Investment funds are moderately increasing exposure to energy commodities.
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