Friday, September 12, 2014

From Yahoo Finance: A crude warning to the world? Perhaps not

"Crude oil rebounded from a multimonth low Thursday after the International Energy Agency cut its oil demand forecast for the third month in a row.
“The recent slowdown in demand growth is nothing short of remarkable,” the IEA said in its closely watched monthly oil market report. “While demand growth is still expected to gain momentum, the expected pace of recovery is now looking more subdued.”
In other words, the world is unexpectedly consuming less oil, and that could have big implications for the global economy.
But should investors worry?" Read the full article and see the video here