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Oil glut to 'shrink dramatically': IEA

Wildfires have disrupted Canada's oil output; demand in India soars while global demand is set to grow at 'solid' rate this year

Paris

A GLOBAL oil glut that has sent prices tumbling is set to "shrink dramatically" later this year, as wildfires have disrupted Canada's output and demand in India soars, the International Energy Agency (IEA) said on Thursday.

Demand for oil worldwide is set to grow at a "solid