April 11, 2013 at 16:36 PM EDT
Weaker Demand Outlook Sends Crude Oil Lower
West Texas Intermediate crude fell for the first time in four days as the International Energy Agency trimmed forecasts for global oil demand. Brent's premium to WTI shrank to its thinnest in 14 months. May-delivery WTI crude oil dropped $1.13 to $93.51 a barrel. The IEA predicted the weakest fuel use in Europe since the 1980s. U.S. supply increased to a 22-year high last week, the Energy Information Administration said
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