Oil prices jump despite expected lower demand
A fuel pump is seen with different oil types in February, 2012.
Jeremy Hobson: Oil prices have jumped to a three month high in overseas trading. Brent Crude is at 114 dollars a barrel this morning, despite forecasts that say global oil demand will be lower than first expected -- for the next year and a half.
Julia Coronado is chief economist with the investment bank BNP Paribas, and she's with us live as she is every Monday.