When Will Oil Demand Start to Suffer?

Okay, how much higher does Brent have to go for demand to start declining? Let's have a wild guess party, since that's what everyone seems to be doing.

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I expect US gasoline consumption to decline if Brent remains above $65. Gasoline demand is more sensitive to Brent price changes than is diesel or jet. So it is a critical product to watch to know when crude may be priced to high to sustain demand growth.

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