Energy Up on Geopolitical Tensions, Demand Optimism - Energy Roundup
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Shares of energy companies increased due to heightened geopolitical tensions and optimism regarding demand. The International Energy Agency upgraded its global oil-demand growth forecast, citing a better economic outlook and lower crude prices, but noted that supply is still expected to exceed consumption. President Trump eased tariff threats against European nations amid a resolution over Greenland, although tensions within NATO were highlighted. Concerns about potential supply disruptions in the Middle East persist, with Trump seeking "decisive" military options after recent actions regarding Iran.
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