A fuel pump is seen with different oil types in February, 2012.
A fuel pump is seen with different oil types in February, 2012. - 
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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.

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