Global oil demand growth will accelerate for the rest of the year, says the IEA, revising up its...

|By:, SA News Editor
Global oil demand growth will accelerate for the rest of the year, says the IEA, revising up its 2010 projections by 260,000 bpd to 86.94M bpd. Next year, however, growth is likely to be slower, "dramatically" so if global GDP growth comes in lower than expected. Oil futures +1.35% to $82.77. (also: OPEC's outlook)