| From Marketoracle.co.uk: Growth of world oil demand stays difficult to forecast, but is surely positive because the global economy is growing. Due to the European debt crisis, there is a strong potential for renewed speculation against the euro, with a quick knock on to falling us exports (due to a stronger dollar) and further hesitant growth of the US economy.
Under almost no circumstance can we give any credibility to claims by the Obama administration that growth could attain 3% or more by early 2011 on an annual basis, but oil demand of the US is unlikely to fall..............................................Full Article: Source
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