• Oil demand growth up to 1.14 mbpd from 1.09 mbpd
  • OPEC crude demand 2014 forecast +100k to 29.70 mbpd
  • Says world economy still expected to see OECD-led recovery in 2014 despite softening indicators early on
  • Secondary sources says OPEC output rose to 30.12 mbpd in Feb, +259k bpd from Jan. Iraq the main supplier

April Brent currently trades at 107.88