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Commodities Briefing - Categorized | Market Moves, Oil more

IEA cuts oil demand forecast while U.S. more bullish

Posted on 13 October 2011

The International Energy Agency cut its global oil demand growth projection on Wednesday while the U.S. government increased its outlook for 2012, making it the most bullish forecaster as the economy heads into an uncertain year.
The U.S. Energy Information Administration’s outlook for oil demand growth next year was much stronger than the Paris-based IEA’s projection and the forecast issued by the Organization of the Petroleum Exporting Countries on Tuesday……………………………………….Full Article: Source


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