Friday, July 13, 2007

Oil Rises as IEA Says World Crude Demand Will Gain 2.5 Percent Next Year

(Bloomberg) -- Crude oil rose after the International
Energy Agency said world oil demand will increase ``a robust'' 2.5
percent next year.

Demand will rise to 88.2 million barrels a day in 2008
``largely due to a weather-related rebound in the OECD and strong
demand in non-OECD countries,'' the agency, an adviser to oil-
consuming nations, said today in its monthly report.


Read more at Bloomberg Energy News

1 comment:

JJ2000426 said...

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