(Bloomberg) -- Crude oil pared gave up early gains as
some analysts speculated an International Energy Agency forecast of
world oil demand was overstated.
Demand will reach 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 IEA, an adviser to oil-consuming nations,
including members of the Organization of Economic Cooperation and
Development, said today in its monthly report.
Read more at Bloomberg Energy News
some analysts speculated an International Energy Agency forecast of
world oil demand was overstated.
Demand will reach 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 IEA, an adviser to oil-consuming nations,
including members of the Organization of Economic Cooperation and
Development, said today in its monthly report.
Read more at Bloomberg Energy News
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