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Commodities Briefing - Categorized | Oil, Price Watch more

IEA says high oil prices are still a threat to the economy

Posted on 20 May 2011

The International Energy Agency warned Thursday that high oil prices are imperiling the global economy. The Paris-based energy watchdog, also called on oil-producing countries to increase supply before demand begins to rise during the peak summer months.
As global demand for energy typically increases from May to August, there is an “urgent” need for additional oil supplies to prevent further tightening of the market, IEA said……………………………………….Full Article: Source


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