Reuters reported that global oil demand growth will slow next year, leaving the market with comfortable supplies until at least the middle of next year.

The International Energy Agency said in its monthly oil market report released that global oil demand will grow by 1.35 million barrels per day next year to 87.84 million barrels per day.

The report said that in short, markets in 2011 may prove not too hot, not too cold. Whisper it quietly, but we might, just might be in for some market stability for a while longer.

(Sourced from Reuters)