MarketWatch | Oil futures sink on supply, storage worries MarketWatch Oil futures initially held gains after the International Energy Agency released a monthly market report in which it stuck to its bearish forecast that crude demand for this year won't grow more than 1.2%. That is despite estimates from the ... Oil settles at lowest level since Jan. 21 North American oil producers face more pressure to cut spending Oil Prices Slide Again as Oversupply Fears Persist |