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Commodities Briefing - Categorized | Market Moves, Oil more

IEA: After years of decline, US oil demand back on the rise

Posted on 14 August 2013

Demand for oil in the US has fallen in six of the past seven years, but driven by increased consumption of industrial fuels used to power trucks and trains, and in the petrochemicals industry, there has been a strong resurgence in demand.
The International Energy Agency (IEA) has declared that the demand for oil in the US is growing at its fastest rate in over two years, mostly due to the increase in demand for industrial fuels………………………………………..Full Article: Source


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