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Page added on December 29, 2008

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October oil demand down 4.07 pct from year ago: EIA

WASHINGTON (Reuters) – U.S. oil demand in October was 598,000 barrels per day more than previously estimated and down 833,000 bpd from a year earlier, the Energy Information Administration said on Monday.

U.S. oil demand in October was revised up by 3.14 percent from the EIA’s early estimate of 19.045 million bpd to the agency’s final demand number of 19.643 million bpd, and was 4.07 percent less than demand of 20.476 million bpd a year earlier.

The final numbers, in the EIA’s monthly petroleum supply report, always differ from initial estimates in the weekly petroleum report.

Reuters



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