(Reuters) - In its June monthly report, the adviser to 26 industrialized countries lifted its forecast for 2007 growth in world oil demand to 1.7 million barrels per day or two percent, up 200,000 bpd from the previous forecast.
The report marked the fourth month running the Paris-based agency has urged the Organization of the Petroleum Exporting Countries to open the taps to lower prices that are close to $70 a barrel, up from about $50 in January.
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The report marked the fourth month running the Paris-based agency has urged the Organization of the Petroleum Exporting Countries to open the taps to lower prices that are close to $70 a barrel, up from about $50 in January.
Read more at Reuters.com Hot Stocks News
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