The IMF earlier said it trimmed Cause.movement.down.loss its 2013 world economic growth forecast to 3.3 % , down Movement.down.loss from a January projection of 3.5 % , while the multilateral lending institution 's 2014 growth forecast fell Movement.down.loss to 4.0 % from 4.1 % .

Oil fell Movement.down.loss 5 percent to its lowest Position.low in nearly six years on Monday , extending the second-deepest rout on record , after Goldman Sachs warned that prices would fall Movement.down.loss further and Gulf oil producers showed no sign of cutting Cause.movement.down.loss output .

In 1986 alone , primary commodity prices fell Movement.down.loss sharply by an average of nine per cent .

Meanwhile , the June contract for West Texas Intermediate shed all of its earlier gains Movement.up.gain as it fell Movement.down.loss 3 % to $ 11.20 per barrel .

Oil prices fell Movement.down.loss sharply in the final quarter of 1991 and a more modest decline Movement.down.loss is expected over the next quarter .

Oil prices fell Movement.down.loss sharply in this year and a more modest decline Movement.down.loss is expected over first-quarter .

Https://www.reuters.com/news/archive/GCA-Commodities/article/us-markets-oil/brent-dips-below-111-libya-says-oil-crisis-is-over-idUSKBN0F81IA20140703 LONDON ( Reuters ) - Brent crude futures fell Movement.down.loss below $ 90 on last week after Libya declared an end to an oil crisis Crisis that has cut Cause.movement.down.loss exports from the Russia .

U.S. gasoline inventories , meanwhile , fell Movement.down.loss by 633,000 barrels after rising Movement.up.gain 1.699 million in the preceding week .

Brent crude oil prices fell Movement.down.loss below $ 49 a barrel and U.S. crude also fell Movement.down.loss more than $ 1 on Monday after the global economic outlook weaken Slow.weak and Iraq announced record oil production .

Brent crude oil prices fell Movement.down.loss below $ 49 a barrel and U.S. crude also fell Movement.down.loss more than $ 1 on Monday after the global economic outlook weaken Slow.weak and Iraq announced record oil production .

By early November , however , prices had tumbled Movement.down.loss to $ 1,603.50 a tonne -LRB- for immediate delivery -RRB- , and fell Movement.down.loss steadily as stocks rose Movement.up.gain to a record 315,600 tonnes in December .

Oil fell Movement.down.loss 5 percent to its lowest Position.low in nearly six years on Monday , extending the second-deepest rout on record .

Global benchmark Brent crude for November fell Movement.down.loss 5 percent last week , hitting its lowest Position.low in over two years .

Investing.com - Oil prices fell Movement.down.loss on Wednesday after the International Monetary Fund cut Cause.movement.down.loss its global growth forecast for 2013 , which spooked investors with fears that a slower Slow.weak global economy will demand less Movement.down.loss fuels and energy than once anticipated .

The January Brent crude contract fell Movement.down.loss by 87 cents to $ 68.77 a barrel by 11:37 a.m. EST -LRB- 1637 GMT -RRB- .

Oil is cruising higher Movement.up.gain after data showed US crude stockpiles unexpectedly fell Movement.down.loss last week .

The EIA reported on Wednesday that U.S. crude oil inventories fell Movement.down.loss 7.4 million barrels during the week-ending July 31 .

Separately , MasterCard said Wednesday retail gasoline demand in the U.S. fell Movement.down.loss 3.1 % in the week ended July 29 , as price gains Movement.up.gain since the beginning of July weighed on consumption , MasterCard said on Wednesday .

Oil fell Movement.down.loss by the most since 1991 on Monday after Saudi Arabia started a price war trade.financial.tension with Russia by slashing Cause.movement.down.loss its selling prices and pledging to unleash its pent-up supply onto a market reeling from falling Movement.down.loss demand because of the virus outbreak .

On Monday benchmark oil prices fell Movement.down.loss more than 20 % , the largest one-day drop Movement.up.gain since the Gulf War in 1991 , creating mayhem in global equity and bond markets .

Oil fell Movement.down.loss more than $ 1 a barrel on Thursday to a four-year low Position.low below $ 83 a barrel as growing concerns Negative_sentiment over the global economy stretched a four-month rout .

After soaring Movement.up.gain above $ 19 a barrel on Tuesday , oil prices fell Movement.down.loss back last night to $ 18.84 in spite of an announcement by Iran that it would cut Cause.movement.down.loss its production next month .

Meanwhile , data on Wednesday showed that activity in the U.S. services sector declined Movement.down.loss unexpectedly in July , falling Movement.down.loss to the lowest Position.low level since February 2010 , while new factory orders also fell Movement.down.loss in June .

Investing.com - Oil prices fell Movement.down.loss on Monday , as concern Negative_sentiment of a trade war trade.financial.tension between the U.S. and China resurfaced .

Instead they should have fought for market share , allowing `` higher cost producers to shut in as the price fell Movement.down.loss - which is what they are doing now . ''

Brent crude fell Movement.down.loss below $ 100 on Monday for the first time in 14 months .

Russia 's domestic fuel consumption has been subdued Slow.weak this year due in part to a plunge Movement.down.loss in car sales , which fell Movement.down.loss by 12.7 percent in January-October .

Production fell Movement.down.loss by about 170,000 bpd in Iraq in June , according to a Reuters survey , with southern exports affected Cause.movement.down.loss by technical issues .

From 1974 to 1975 output fell Movement.down.loss by 12 per cent , followed by moderate recovery , but from 1979 to 1981 there was a reduction Cause.movement.down.loss of output of no less than 17 per cent .

Elsewhere , on the ICE Futures Exchange , Brent oil futures for November delivery fell Movement.down.loss 0.34 % to trade at USD108 .84 a barrel , with the spread between the Brent and crude contracts standing at USD6 .24 a barrel .

`` The big mistake was that they continued to cut Cause.movement.down.loss production to try to prop Cause.movement.up.gain the prices and the price fell Movement.down.loss anyway , '' said analyst Yasser Elguindi of Medley Global Advisors .

Front-month Brent crude futures were down Movement.down.loss around 1 % on Tuesday after the Institute for Supply Management 's gauge of U.S. manufacturing activity fell Movement.down.loss in May to the weakest level Position.low in more than 2-1/2 years .

On Tuesday , the American Petroleum Institute said oil supplies fell Movement.down.loss by 1.17 million bpd in January , compared to expectations for a decline Movement.down.loss of 50,000 bpd .

U.S. crude stocks fell Movement.down.loss by more than expected last week as refineries increased Movement.up.gain output before the July 4 holiday weekend , data from the Energy Information Administration showed on Wednesday .

In May the price of oil fell Movement.down.loss to its lowest Position.low level since 1975-76 .

Other Gulf delegates attending a meeting of oil ministers from the region said the price drop Movement.down.loss was unlikely to spur action from the Organization of the Petroleum Exporting Countries -LRB- OPEC -RRB- unless crude fell Movement.down.loss below $ 85 a barrel .

Brent for March settlement fell Movement.down.loss 3 cents to $ 70.39 on the London-based ICE Futures Europe exchange .

Energy services firm Baker Hughes on Thursday reported that the number of active U.S. rigs drilling for oil fell Movement.down.loss by seven to 797 .

https://www.reuters.com/news/archive/GCA-Commodities/article/us-markets-oil/brent-crude-falls-to-13-month-low-on-ample-supply-demand-worries-idUSKBN0GC1QK20140812 NEW YORK -LRB- Reuters -RRB- - Brent crude oil fell Movement.down.loss to a 13-month low Position.low on Tuesday as increased Movement.up.gain OPEC production helped dampen concerns Negative_sentiment over potential supply disruptions Cause.movement.down.loss in Iraq and Libya .

Gasoline stockpiles fell Movement.down.loss by about 300,000 barrels during the week , less than the 558,000 draw analysts were looking for , while distillates -- including diesel -- were down Movement.down.loss 2.4 m barrels , deeper than the 1.63 m barrel decline Movement.down.loss expected .

Prices fell Movement.down.loss into a years-long slump Movement.down.loss , leading to 16 years of Saudi budget deficits that left the country deeply in debt .

Brazil 's oil output fell Movement.down.loss 1.21 percent in November from the previous month , regulator ANP said in a statement on Tuesday , after state-run oil company Petróleo Brasileiro SA carried out maintenance work at some production units .

Long-dated futures for 2017 and beyond , which had for months held firm despite the slump Movement.down.loss in immediate prices , finally fell Movement.down.loss last week .

Oil prices fell Movement.down.loss on Wednesday to a 5-1/2 - year low Position.low under pressure from a global glut Oversupply of crude .

Brent crude futures , the benchmark for oil prices outside the U.S. , fell Movement.down.loss 65 cents , or 0.94 % , to $ 68.69 a barrel .

It earlier fell Movement.down.loss as much as 0.48 % to trade at a daily low Position.low of USD91 .52 a barrel , hovering close to the previous session 's five-week low Position.low of USD91 .21 a barrel .

London-traded Brent , the bellwether for global crude prices , fell Movement.down.loss 55 cents , or 1.2 % , to close the New York session at $ 44.35 .

After the meeting , world petroleum prices fell Movement.down.loss well below the $ 18 per barrel reference price agreed at the November meeting , even though buyers ' stocks were at their lowest Position.low levels since 1974 .

Oil inventories in Cushing , the delivery point for U.S. crude contracts , fell Movement.down.loss another 163,000 barrels over the four days to July 22 , data from Genscape Inc showed on Thursday .

After soaring Movement.up.gain above $ 19 a barrel on Tuesday , oil prices fell Movement.down.loss back last night to $ 18.84 in spite of an announcement by Iran that it would cut Cause.movement.down.loss its production next month .