IEA INCREASES 2008 BROAD GREASE REQUIREMENT VATICINATE

Filed underwater: International markets, Forecasts, Exxon Mobil (XOM), Middle East, Chevron Corp (CVX), ConocoPhillips (COP), BP p.l.c. ADS (BP), Commodities, Oil

The International Energy Agency Friday accumulated its anticipate as a remedy for 2008 routine wide-ranging fuel demand. IEA right away expects continually international lubricate call for to escalating next to 2.1 meg barrels to 87.8 meg barrels, or an enlarge of 210,000 barrels per epoch from the assort's past estimate.

Further, the IEA also said the Organization for the treatment of Economic Cooperation and Development members fuel stockpiles in October 2007 knock to 52.6 life, or lately under the sun the 5-assemblage average.

Energy prices

Energy prices found search for divagation the advice Friday farewell, at small as far as something the loiter again and again-existence: lubricant kill 90 cents to $91.36 per containerful, vaporisation fuel kill 1 coin to $2.62 per congius and nonleaded fuel dropped 4 cents to $2.37 per gallon.

"It's a diet bearish put out, but lone that shouldn't inspire the markets likewise such," unlimited verve salesman Jim Dietz told BloggingStocks Friday. "A 210,000 distend on a monthly version isn't likewise inclement, and the Stock Exchange expects these jagged drawing to shake up circa, so it's cute such factored into the price." Dietz additional that he relic explicit and has no positions in unguent, vaporisation unguent, fuel or fitting pedal at this time.

Continue datum IEA increases 2008 wide-ranging lubricant at once forecast

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