Oil prices will start to rise in the foreseeable future

Demand and prices for oil will grow

In brief: The price of oil could reach 100 dollars per barrel in 2011. This opinion was expressed by analysts IEA.

Oil prices start to rise after the next threat of defaults in Europe. In addition, higher oil prices trigger a fall in U.S. stock market. Analysts International Energy Agency (IEA), a positive trend for oil will begin closer to fall. Such information was announced by the analysts of IEA in the last report of the company.

A report issued in June, the agency upgraded the report, compared with the previous estimate, the forecast average level of world oil demand in 2010 by 60 thousand barrels to 86.4 million barrels a day, with the growth in world oil demand compared to last year amount to 1.68 million barrels per day.

Igor Tringlers
2010-06-11 00:59, Commodities.

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