Highlights of the latest OMR dated: 13th June 2014 Oil futures prices for Brent rose above $112/bbl on 12 June, the highest level this year, in the wake of a bold military campaign by Sunni insurgents in Iraq and continued supply outages in Libya.An apparent build in China’s crude strategic reserve in April and May, at an average 1.2 mb/d, is also strengthening markets. Global oil demand is forecast to rise by 1.3 mb/d in 2014, to 92.8 mb/d, a modest acceleration on 2013 as the macroeconomic backdrop improves. Global oil demand is set to increase sharply from a low of 91.4 mb/d in 1Q14 to a high of 94 mb/d in […]