The IEA, which coordinates the energy policies of industrial nations, said it was keeping its estimate of oil demand growth for this year unchanged at 1.4 million barrels per day, close to 2018 levels. "The impact of higher oil prices in 2018 is fading, which will help offset lower economic growth," the Paris-based IEA said in its monthly report. Oil rallied above $85 per barrel in the second half of 2018 on concern about lower supplies from Iran due to new U.S. sanctions.
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