Oil price heads higher again due to uptick in demand 

'Natural gas and electricity prices have soared to new records, incentivising gas-to-oil switching in some countries,' says IEA

The price of crude oil rose more than $2 a barrel after the International Energy Agency raised its oil demand growth forecast for this year as soaring natural gas prices lead some consumers to switch to oil.

Brent crude gained $2.39, or 2.5%, to $99.79 a barrel.