OPEC: Oil Demand Forecast Unchanged

Bloomberg reported that according to the Organization of Petroleum Exporting Countries, 2012 oil demand forecast remains unchanged.

As quoted in the market news:

Oil use will increase by 1.1 million barrels a day, or 1.2 percent, to 88.9 million a day this year, OPEC said in its monthly report today.

Click here to read the full Bloomberg report.