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Commodities Briefing - Categorized | Market Moves, Oil more

OPEC ups oil demand forecast

Posted on 09 November 2011

OPEC now expects demand for oil to grow even more than it projected just a year ago, as the oil cartel said the recovery from the Great Recession took place faster than it expected.
But the group’s annual oil outlook released Tuesday also worried about the risk of a new recession in the world’s developed economies in the near-term due to threats such as the European debt crisis………………………………………..Full Article: Source


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