Demand destruction not on cards yet: RBC

WORRIES about demand destruction have returned after Brent prices have risen to US$80 a barrel and retail US gasoline prices approaches the $3 per gallon threshold.

Demand destruction not on cards yet: RBC Demand destruction not on cards yet: RBC Demand destruction not on cards yet: RBC Demand destruction not on cards yet: RBC Demand destruction not on cards yet: RBC

$3/gallon gasoline isn't the bogeyman it was once was.

However despite the worries of a high oil price again harming sectors in major economies the US, India and China RBC Capital Markets sees demand holding steady thanks to changes in vehicle efficiency