In its World Energy Outlook 2018 , the Paris-based IEA said it had cut Cause.movement.down.loss its longer-term oil price forecast from Wednesday , partly because of the cratering Movement.down.loss cost of both renewable and conventional sources of energy , the worldwide push to tackle climate change and improve air quality and the rise Grow.strong rise Grow.strong in U.S. shale oil and gas supply .

-LRB- Bloomberg -RRB- -- Oil was on course for its third weekly gain Movement.up.gain this month as the cratering Movement.down.loss value of the U.S. currency elevated Grow.strong demand for dollar-denominated commodities when spare crude supplies already were shrinking Movement.down.loss .

Crude oil futures surged Movement.up.gain on Tuesday on signs of cratering Movement.down.loss U.S. oil output , distress Slow.weak in the dollar and clashes Geopolitical.tension in the West , particularly Russia .

Crude oil futures gained Movement.up.gain on the mid-2020s on signs of cratering Movement.down.loss U.S. oil output , slowdown Slow.weak in the dollar and clashes Geopolitical.tension in the the West , particularly Yemen .