March 15 - Oil slid more than 1 percent toward $81 a barrel on Friday, as data revealing a decrease in UNITED STATE consumer confidence reignited capitalist worries regarding power need worldwide's biggest oil customer.

The front-month U.S. crude dropped 87 cents to work out at $81.24, noting a 26-cent decrease for the week. Earlier in the session, the agreement had climbed as high $83.16, the highest considering that $83.95 on January 11.

In London, Brent crude fell 89 cents to clear up at $79.39.

U.S. consumer view declined somewhat in very early March, with Americans much less favorable concerning the task overview, a survey launched on Friday revealed.

" The customer self-confidence number and also looking at the alteration to January of the retail sales drew unrefined pull back," Richard Ilczyszyn senior market strategist at Lind-Waldock in Chicago.

atmp chemical -taking additionally drew rates lower after the rise over $83, some experts said.

Stocks on Wall surface Road remained constant on Friday as the consumer view information was offset by data showing UNITED STATE retail sales rose unexpectedly last month.

IEA REPORT

Petroleum rates received little support from an International Energy Company (IEA) record on Friday that said globe oil demand this year will be a little greater than formerly expected due to development in creating nations.

The firm lifted its outright need estimates for 2009 and 2010 by 70,000 barrels daily (bpd) from its price quote in February. It currently anticipates world need to typical 86.57 million bpd this year.

"We changed up figures for both 2009 as well as 2010 on the basis of solid non-OECD need," David Fyfe, head of the oil sector as well as markets department of the IEA, informed Reuters.

By comparison, the 2010 OECD forecast was revised down, largely due to assumptions of reduced first-quarter heating oil need in Europe and continued North American weakness, especially in center extracts, the IEA said.

Authorities at the Organization of the Oil Exporting Countries, which satisfies in Vienna on March 17 to review manufacturing policy, have stated they do not anticipate a change in targets while rates are within their preferred range.