(Bloomberg) -- Crude oil pared its losses after the
International Energy Agency raised its forecast for fuel demand
this year.
Global demand is expected to rise 2 percent to 86.1 million
barrels a day in 2007 from a revised 84.5 million barrels a day in
2006, the Paris-based IEA said. That's 420,000 barrels more than
the IEA projected in May and comes after higher-than-expected
demand from nations including Indonesia and Singapore.
Read more at Bloomberg Commodities News
International Energy Agency raised its forecast for fuel demand
this year.
Global demand is expected to rise 2 percent to 86.1 million
barrels a day in 2007 from a revised 84.5 million barrels a day in
2006, the Paris-based IEA said. That's 420,000 barrels more than
the IEA projected in May and comes after higher-than-expected
demand from nations including Indonesia and Singapore.
Read more at Bloomberg Commodities News
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