Wednesday, October 7, 2009

The EIA increase demand forecast in crude oil

The EIA reported to increase projection of world crude oil consumption from perspective of China economic growth and recovery in Asian country. The World crude oil demand would reach 84.7 million barrels a day in Q4 and increase to 84.7 million barrels a day in 2010.

Comment: It's good perspective for crude oil price but it too far to forecast next year because the economic will not recovery to normal stage. My opinion US economy recover in W-Shape.

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