(Reuters) - In its April monthly report on Thursday, the adviser to 26 industrialized countries also shaved its 2007 world oil demand forecast by 250,000 barrels per day to 85.8 million bpd though left growth in oil use unchanged.
Oil inventories are falling as supply cuts by the Organization of the Petroleum Exporting Countries kick in. Lower stocks have helped boost U.S. crude prices to $62 a barrel from below $50 in mid-January.
Read more at Reuters.com Business News
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment