Jul 12
In its Short-term Energy Outlook released on July 7, the Energy Information Administration adjusted slightly higher its price expectations for both retail gasoline and diesel fuel, with the increases based on a stronger sentiment for its crude oil price projection.
"EIA's view of the world oil market is largely unchanged from recent Outlooks. EIA forecasts that world oil prices will rise slowly as an expected renewal of global economic growth leads to higher world oil demand and members of the Organization of Petroleum Exporting Countries continue their support of prices near current levels," the agency said.
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