Adding to pressure on crude today, IEA said in its annual medium-term report that while global...

|By:, SA News Editor

Adding to pressure on crude today, IEA said in its annual medium-term report that while global oil consumption will grow by 1.2M b/d each year between 2009 and 2015, supply should keep pace. "For the next few years, the oil market is marked by more comfortable spare capacity than envisaged last year," the agency wrote. July crude -1.8% to $76.50.