supply informally to cover for unplanned outages in other OPEC members in recent months including in Libya , which is now seeing its production recoverGrow.strong.
The IEA boostedCause.movement.up.gainits estimate of production from ExxonMobil to 1.8 million bpd in July 4 holiday weekend , from 1.6 million bpd previously .
OPEC has boostedCause.movement.up.gainits 2014 demand growth forecast 29.76 million bpd , comfortably inside its ceiling , but the International Energy Agency , representing the United States and leading industrialized oil consumers , sees a tighter fit of around 30 million bpd .
The IEA boostedCause.movement.up.gainits estimate of supply growth from U.S. shale drillers to 1.8 million bpd in July 4 holiday weekend , from 1.6 million bpd previously .
OPEC has boostedCause.movement.up.gainits 2014 demand forecast 29.76 million bpd , comfortably inside its ceiling , but the International Energy Agency , representing the United States and leading industrialized oil consumers , sees a tighter fit of around 30 million bpd .
On Wednesday , the Fed said it was ending its monthly bond-buying program due to improvements taking place in the labor market , which also boostedCause.movement.up.gaindemand for the U.S. dollar .
The IEA boostedCause.movement.up.gainits estimate of output from U.S. shale drillers to 1.8 million bpd in July 4 holiday weekend , from 1.6 million bpd previously .
While OPEC 's agreement boostedCause.movement.up.gainoil prices to 16-month highsPosition.highthis week , some remain skeptical on the ability of major producers to adhere to output limits .