Oil stocks and pharmaceuticals are this time dragging the UK stockmarkets down this morning, as the ...
Oil stocks and pharmaceuticals are this time dragging the UK stockmarkets down this morning, as the slowdown in growth is beginning to impact some of the bear stocks. BP and Shell Transport & Trading Co both lost ground after the International Energy Agency lowered its forecast for global oil demand in the second half of this year. The IEA, which advises 26 nations on oil policy, yesterday said in a monthly report that second-half energy demand will drop because the world economy has yet to rebound. Third-quarter consumption will rise by 700,000 barrels a day from a year ago, down...
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