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IEA predicts more oil demand

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IEA predicts more oil demand

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The International Energy Agency is predicting a pickup in oil demand as the world economy strengthens.

It said we will use more fuel in the fourth quarter of this year. That would make it the first time global oil demand has risen since the middle of last year. The IEA is more upbeat than the two other major oil forecasters, the US government’s Energy Information Administration and OPEC.