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Re: hardwoodjoe post# 128

Sunday, 10/12/2014 8:37:52 PM

Sunday, October 12, 2014 8:37:52 PM

Post# of 394
While reading about oil consumption per day a this might interest you news popup said Russia was withdrawing troops from Ukraine border. That should help markets.

By Grant Smith Mar 14, 2014 4:00 AM CT
Oil demand will be higher in 2014 than previously estimated as global economic growth recovers, the International Energy Agency said. Pressure on supplies will ease in coming months as seasonal consumption dips.

World consumption will increase by 1.4 million barrels a day, or 1.5 percent, this year to a record 92.7 million a day, or about 95,000 a day more than forecast last month, according to the IEA, a Paris-based adviser to oil-consuming nations. While freezing U.S. weather has eroded oil inventories to their lowest level in more than a decade, fading demand for winter fuels coupled with a 35-year peak in supplies from Iraq will help replenish stockpiles, the agency said....
http://www.bloomberg.com/news/2014-03-14/iea-raises-2014-oil-demand-estimate-as-world-economy-recovers.html
©2014 Bloomberg L.P. All Rights Reserved

Russia withdraw http://www.bloomberg.com/news/2014-10-12/putin-order-pullback-of-russian-troops-on-ukraine-border.html

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