CBC.ca | World oil demand is up, but the glut remains, IEA says CBC.ca But the recovery in demand has helped put a floor on the price, with West Texas Intermediate oil trading at $60.36 US a barrel today. The IEA says imbalances in refining capacity — mainly a shortage of refining capacity for some high-demand areas ... Global Oil Demand Rising, IEA Says Oil supply to grow quicker than demand Oil falls on stronger dollar, persistent oversupply concerns |