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Some analysts expect weak global economic growth this year will push prices lower. The International Energy Agency said Friday that global oil demand will likely grow less than 1 percent this year. "To be bullish from here, one would need to believe a supply disruption is coming," Morgan Stanley said in a report. "With fundamentals weakening, we believe that any further upside is unlikely without a supply shock." In other energy trading, heating oil was up 3 cents at $3.21 per gallon and gasoline futures added 3.1 cents at $3.01 per gallon. Natural gas slid 5 cents to $2.43 per 1,000 cubic feet.
[Associated
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