| From AFP: The current oil supply and demand situation is likely to continue well into next year, the head of the International Energy Agency (IEA) said Monday, suggesting there would be no steep price changes. IEA executive director Nobuo Tanaka told AFP in an interview in Singapore that the market remained well supplied.
Oil prices have been hovering around 80 dollars a barrel in recent months after touching historic highs of more than 147 dollars a barrel in 2008 before the onset of the worst global recession since the 1930s...........................................Full Article: Source
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