"Crude Oil Falls After IEA Cuts Demand Forecast to Five Year Low"
Crude oil fell the most in two weeks after an International Energy Agency report showed that 2009 demand may slump to the lowest level in five years as factories shut and car sales tumble amid a global recession.
Consumption will decline 2.4 million barrels a day this year, about the same amount that Iraq produces, to 83.4 million barrels a day, according to the IEA report on April 10. U.S. crude oil supplies are at their highest since July 1993, the Energy Department said on April 8....Complete Story
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