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Event Brief

Oil rises as IEA warns of greater volatility

Oil prices rose after the IEA flagged higher volatility ahead and OPEC cut its 2026 demand forecast.
WHO: IEA and OPEC
WHAT: IEA warned of greater oil market volatility while OPEC reduced its 2026 demand growth estimate
WHEN: May 14, 2026 at 12:25 AM ET
WHERE: Location not specified
WHY: The market reacted to IEA’s warning and OPEC’s revised demand forecast.

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