Crude oil prices fell again Thursday with WTI prices falling below $70. Photo by James Jones Jr./Shutterstock/UPI Oct. 18 (UPI) — Projections of $100 oil at the end of 2018 were the rage just a few weeks ago. It remains to be seen what will happen with U.S. relations with Saudi Arabia and whether sanctions against Iran will put a kink in global supplies next month. But for now, crude oil prices are retreating from September highs. WTI crude oil prices fell below $70 a barrel while Brent prices slipped below the $80 mark in Thursday trading. A larger than expected increase in crude oil supplies is to blame for the drop in prices, a potential signal that oil demand is dropping worldwide. “The figures will be distorted considerably by Hurricane Michael and should therefore not be over-interpreted,” Commerzbank said in a note. “Roughly 40 percent of U.S. oil […]