IEA sees only partial rebound in oil prices

Global oil prices will recover only partially from spectacular lows, which are unlikely to spur economic growth or kill off US shale gas production, the International Energy Agency said Tuesday. The IEA said in its five-year forecast that crude prices will recover from around their current range of $50-60 per barrel, but remain well below the level of more than $100 per barrel seen before the slump began last June. "While there have been drops and price corrections roughly every 10 years si