![Exxon says demand is rising but it can collapse if economy falters](https://cdn.energydais.com/media/images/news/39_JQtyerT.jpg)
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Increasing demand is the main reason for the rebounding in oil prices. However, it sends cautious signals that it could collapse back to $40/bbl, if the economy falters.According to the International Energy Agency (IEA), the growing shale production from U.S. is absorbing most of the demand growth and will continue to do so till 2020.