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IEA: Oil Supply Boost May Defer Market Tightening

World oil markets may take longer to tighten than expected due to a surge in OPEC supply and a potential rise in Iranian exports, even as demand shows signs of strength, the International Energy Agency said on Wednesday. The agency raised its forecast for global oil demand growth in 2015 for a second consecutive month, citing strong pockets of consumption in Europe, India and the United States. Oil prices have halved from above $115 a barrel last June due to ample supply, in a decline...

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