Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (44791)	5/13/2008 7:06:24 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 69343

6:02AM IEA lowers global oil product demand view by Steve Goldstein LONDON (MarketWatch) -- The International Energy Agency lowered its view on global oil product demand to 86.8 million barrels of oil equivalent a day, or a 1.2% rise from 2007 levels. That's down 390,000 barrels from the IEA forecast last month and the revision comes from downward revisions to preliminary data in the first quarter. Oil product demand in OECD North America turned out to be much weaker than expected, providing further evidence of the effects of the economic slowdown and high prices, the IEA said. In OECD Europe, both diesel and residual fuel deliveries were also much lower than anticipated across the continent. In OECD Pacific, a larger-than-expected contraction in Japanese gasoline offset continued strong demand for residual fuel oil and direct crude for power generation.