WTI regains $102.00 after IEA's Birol says emergency in oil markets may get worse

International Energy Agency (IEA) chief Fatih Birol warned Friday, “emergency in oil markets may get worse.

Additional takeaways

Reducing oil demand does not depend only on governments but also citizens and corporations.

Measures include lower speed limits, working from home, more public transport and urban car-free days.

Measures can quickly cut oil demand by 2.7mln bpd within four months.