RE:OPEC predicts sharp rise in demand for its crudePDMitchell wrote: OPEC is forecasting a sharp rise in demand for its crude oil in 2015 along with slower production in the US and other non-OPEC countries (it cut the forecast for non-OPEC members by 850,000 barrels per day).
https://www.opec.org/opec_web/static_files_project/media/downloads/publications/MOMR_February_2015.pdf
This is why OIL and OIL stocks were up today including COS.