RTTNews - Thursday, the International Energy Agency raised global oil demand estimate for 2009 by 120,000 barrels a day, following a stronger-than-expected first quarter OECD data.

IEA said in its latest Oil Market Report that these revisions do not necessarily imply economic recovery, but may reflect a slowing in previously sharp decline. The agency projects global oil demand of 83.3 million barrels a day.

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