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Japan’s strongest earthquake in at least a century may drive demand for oil in about a month, Francisco Blanch, global head of commodities research at Bank of America-Merrill Lynch, said today in an interview on Bloomberg Television.
“The short run impact is Japan is going to consume less energy at least over the next few weeks,” said Blanch in an interview on “In The Loop with Betty Liu.”
Over the next few months there may be a greater need for oil because nuclear and hydroelectric plants have been affected, he said.
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