Oil Climbs as IEA Lifts Demand Growth Forecast

A view shows the Yan Dun Jiao 1 bulk carrier in the Vostochny container port on the shore of Nakhodka Bay near the port city of Nakhodka, Russia, on Aug. 12, 2022. Tatiana Meel/Reuters

LONDON—Oil prices edged higher on Tuesday after the International Energy Agency (IEA) raised its demand growth forecasts, adding to bullish sentiment from the previous day’s OPEC guidance.

Brent crude futures gained 20 cents, or 0.2 percent, to $82.72 a barrel by 0918 GMT. U.S. WTI crude futures climbed 21 cents, or 0.3 percent, to $78.47.