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Analysts Raise Forecasts Of Oil Demand

|Includes: SLB, USO, Exxon Mobil Corporation (XOM)

China's exports and heating up and they are burning through more crude causing many analysts (and OPEC) to raise their expactions for crude oil demand in 2010.

Oil demand expectations rise as recovery strengthens

On the back of strengthening economic trends in much of the world, the Organization of Petroleum Exporting Countries revised upward its oil demand forecast for 2010. The new forecast - 85.24 million barrels per day - marks an increase of 100,000 barrels from February's estimate.