In recent developments , the International Energy Agency -LRB- IEA -RRB- reported oil demand for the fourth quarter of 2018 was falling Movement.down.loss because of large dropouts in Asia and Europe plus slower Slow.weak growth in the US .

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 .

China this week reported slightly slower Slow.weak growth for the second quarter and the weakest Slow.weak expansion in factory activity in June in two years .

It announced this week that demand for oil could be slower Slow.weak than expected , despite production cuts Cause.movement.down.loss by its enlarged OPEC + group .