OIL FUTURES: Prices strengthen after IEA hikes global demand growth

Petroleum futures rose Aug. 11 after the International Energy Agency hiked its demand growth estimate for 2022, citing power generation and industrial demand. NYMEX front-month crude settled at $94.34/b, up $2.41, while ICE front-month Brent settled up $2.20 at $99.60/b. NYMEX front-month ULSD rallied 7.37 cents to settle at $3.484/gal, while NYMEX front-month RBOB settled 12 points higher at $3.0715/gal….