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IEA Trims 2014 Oil Demand Outlook; Cites Russian Demand on Adjustment (USO) (OIL)
April 11, 2014 9:09 AM EDTThe Oil Market Report (OMR) for April marginally trimmed its 2014 forecast of global demand growth to 1.3 million barrels/day (mb/d), reflecting downward adjustments to the projection of Russian demand. But the absolute demand estimate remained roughly unchanged from March, at 92.7 mb/d, the monthly IEA report told subscribers,... More
