Updated from 4:29 a.m. EST
NEW YORK (
) -- Oil prices were rising following a report from the International Energy Agency that said world oil demand would rise in 2010.
Oil prices for April delivery were trading up 52 cents to $82.63 a barrel. Its high for the session was $82.83.
The IEA said Friday that Asian countries, particularly China, were responsible for the increase in demand.
The agency said oil demand would average 86.6 million barrels a day this year, or 1.6 million barrels a day more than last year, the
reports. The IEA's previous report last month estimated daily demand in 2010 of 86.5 million barrels.
The IEA said China is expected to account for almost a third of global oil demand growth this year.
-- Reported by Joseph Woelfel in New York.
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