Crude futures (CLU24) climbed above the $80 level today on rising Middle Eastern tensions, but oil’s performance might not be a one-day wonder. The Energy Information Administration (EIA) recently hiked its 2024 forecast for U.S. oil demand by 100,000 barrels per day, while simultaneously trimming its production forecast by 20,000 bpd. The agency also dropped its price forecast, but with volatility running high in the stock market, it doesn’t take much for crude prices to pop higher. Analysts like Maurice FitzMaurice from Fidelity Investments highlight a bright outlook, emphasize that tight su…