Oil holds near 4-month high as IEA flips forecast to deficit

ABU DHABI, 15th March, 2024 (WAM/ Bloomberg) -- Oil held near a four-month high after the International Energy Agency (IEA) forecast a supply deficit through 2024, changing its earlier projection of a surplus, on the premise OPEC+ maintains production cuts.Brent traded above US$85 a barrel after adv