
Oil Falls on Rising U.S. Output, Global Demand Concern
From Reuters NEW YORK (Reuters) – Oil prices fell 2 percent on Tuesday, headed for a third straight daily decline, on forecasts for rising U.S. crude output and a gloomier outlook for global demand growth in a report from the International Energy Agency (IEA). Analysts also noted that oil prices were being pressured by a global commodities selloff, led by