As Usual, Oil Up

As the markets set to open, oil is up almost $3 to around $137. The concerns du jour were non-OPEC supply constraints and more high oil forecasts from Citigroup and Merrill Lynch.

See Also:

IEA Cuts Global Oil Demand Estimate Again–Less Than 1% Growth This Year (XOM)
Goldman (GS): We See $150 Oil This Summer, Too

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