Crude down sharply as IEA pares oil demand forecasts
Opec needs to further cut output to balance the oil market: analyst
Fri, Sep 12, 2014 - 6:00 AM
[LONDON] Brent crude declined to its lowest intraday level in more than two years, and West Texas Intermediate (WTI) to a 16-month low, as the International Energy Agency (IEA) cut global oil demand forecasts for this year and next.
Futures slid as much as 1.4 per cent in London and New...