UPDATE 2-Oil above $108 on demand hopes, US oil at premium to Brent

Alternative Energy Pakistan

* G20 puts growth before austerity, vows to tread carefully* Hedge fund bets on U.S. oil prices hit record level-CFTC* China frees up lending rates in major reform* Coming Up: U.S. existing home sales; 1400 GMT (Updates prices)By Manash GoswamiSINGAPORE, July 22 (Reuters) – U.S. oil…http://alternativeenergy.com.pk/renewable-energy/update-2-oil-above-108-on-demand-hopes-us-oil-at-premium-to-brent/

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