By Steve Goldstein
LONDON (MarketWatch) -- The International Energy Agency said 2011 global oil demand will climb by 1.6%, or 1.3 million barrels of oil equivalent a day, to 87.8 million barrels a day, the first time the agency estimated 2011 demand. That forecasts assumes the IMF is right in predicting 4.3% economic growth, $79.40 average per-barrel prices and a 2.6% drop in oil intensity. The 2010 view of 86.5 million barrels a day, a rise of 2.1% from 2009, was a mild upgrade of roughly 50,000 barrels a day.
