| The International Energy Agency (IEA) said that tension between Iran and the West is likely to keep oil prices high despite a dramatic improvement in world supply and a big build in stocks.
The agency, which advises 28 industrialised nations on energy policy, said soaring global oil supply from the Orgaanisation of the Petroleum Exporting Countries, OPEC, and the United States far outpaced global demand, curbed by poor economic activity in developed nations...............................................Full Article: Source
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