Crude oil prices looked set for yet another weekly loss, pressured by the perception of softer-than-expected demand in China. The decline comes in spite of the International Energy Agency’s recent upward revision of oil demand growth for this year. That could be because the agency also revised its 2025 demand growth projection, but downwards. For this year, the IEA sees demand growth at 920,000 bpd, while for 2025, it forecast growth of 990,000 bpd. Neither figure is impressive for oil traders, and the prediction of a supply surplus for 2025…
