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Crude Oil Drops Another 2.5% 

By: killthecat in FFFT3 | Recommend this post (1)
Tue, 14 Oct 14 11:06 PM | 102 view(s)
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Crude-oil prices continued to slide on Tuesday after the International Energy Agency cut its forecasts for oil-demand growth this year and next.

In its closely watched monthly oil market report, the Paris-based energy watchdog cut its forecast for 2014 oil-demand growth by 200,000 barrels a day to just 700,000 barrels a day, its weakest in five years.

Prices have fallen more than 20% since mid-June as ample global crude supplies have grown faster than demand.


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