Telegraph.co.uk | Oil investment crashes to 60-year low, incubating next energy shock Telegraph.co.uk Oil discoveries have slumped to the lowest level since 1952 and the global economy is becoming dangerously reliant on crude supply from political hotspots, the world's energy watchdog has warned. Annual investment in oil and gas projects has fallen ... US oil settles at $44.90 a barrel, down $1.39, or 3% Oil futures end at one-week low after IEA cuts demand forecast Oil prices fall after prediction of lower growth in demand |