Ruble, Real Tumble As Oil Slumps On Weaker IEA Outlook

@zerohedge -

@zerohedge—WTI Crude is tumbling this morning, breaking down below $56 following a monthly report Tuesday from the International Energy Agency that said 2017 price gains along with milder-than-normal winter weather are slowing demand growth. This drop is weighing on oil-producers with the Ruble and Real dropping most... The IEA reduced its demand estimate for next year by 200,000 barrels a day to 98.9 million a day, according to projections in its report. Forecasts for demand growth next year also fell by...

Oil prices slide after IEA casts doubt over demand outlook. By Henning GloysteinSINGAPORE, Nov 15 (Reuters) - Oil prices tumbled on Wednesday, continuing Tuesday's slide after the International Energy Agency cast...