Oil rose as the head of the International Energy Agency forecast demand will likely grow past its level before the global pandemic.
Futures in New York gained as much as 2.3% on Monday, with trading volumes thin due to holidays in the U.S., U.K. and Singapore. Fatih Birol, executive director of the IEA, said oil consumption hasn’t yet peaked, countering speculation that the virus will have a long-term impact.
