29.05.2009 - Bullish OPEC banks on demand bounce

From AFP: A decision by OPEC to keep its output steady despite a glut of crude worldwide shows the oil exporter group is confident demand will pick up later this year, according to analysts. Stocks in industrialised countries are at historic highs, covering two months of consumption, with millions of additional barrels in oil tankers at sea which have become floating storage facilities.......Full Article: Source

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