In addition to lowering its forecast for world oil demand, the IEA warned its projections could...

|By:, SA News Editor

In addition to lowering its forecast for world oil demand, the IEA warned its projections could fall even further - a "big admission" for a group typically comfortable with erring on the high side, says VTB Capital. Monthly data also provide bearish numbers, with inventories rising in October (they typically fall) to 59.6 days of demand coverage. How is Brent holding above $100/barrel?