Bloomberg | Oil falls towards $48 as global glut continues to depress market Irish Times Brent crude oil prices fell towards $48 a barrel on Tuesday after the International Monetary Fund cut its forecast for global economic growth in 2015 implying lower demand for fuel. Global growth is projected at 3.5 per cent for 2015 and 3.7 per cent ... Oil Holds Losses as China Growth Fails to Spur Demand Confidence UPDATE 8-Oil slips $1 on China economy worries, record Iraq output Oil prices dip on weak China GDP data |