Crude oil futures fell for a seventh straight session on Monday, their longest losing streak since mid-2014, as a forecast from the International Energy Agency (IEA) that the global supply glut was likely to deepen next year dragged on prices. Brent crude LCOc1 fell below $38 a barrel for the first time since December 2008 on Friday after the IEA said demand growth was slowing while OPEC output remained high. U.S. crude, West Texas Intermediate (WTI) CLc1, settled in the $35 territory for the first time since February 2009. Front month WTI was down 10 cents at $35.52 a barrel by 0727 GMT, while Brent was down 10 cents to $37.83 a barrel. Both benchmarks have fallen every day since the Organization of the Petroleum Exporting Countries (OPEC) on Dec. 4 abandoned its output ceiling. In […]