Global Oil Demand To Hit Record This Year (Poll) -- 89 Million Bbls/Day

Link here.

Global oil demand is growing faster than analysts expected just six months ago, according to a new Reuters poll...

The poll of 10 top oil analysts showed oil demand will grow by 1.5 million barrels per day (bpd) this year to hit a record 89 million bpd. At that level, global use will have risen by 5 percent since the depths of the recession in 2009.

The forecast for demand this year is 300,000 bpd higher than it was in the last Reuters poll in December, based on strong emerging market growth. And early indications for 2012 suggest growth will quicken further.

So, we'll see.

The last barrel is most expensive. And sets the price for the first 88,999,999 bbls.