Already rattled by end-of-balance sentiments, crude oil prices continued drifting lower in early Wednesday trading on weak European economic data. Reports this week from the Organization of Petroleum Exporting Countries and the International Energy Agency erased prospects that the gap between global demand for energy and supplies was narrowing and pushed oil prices lower this week. Global oil demand was trimmed, while production from some parts of the world proved more resistant to current oil prices than previously estimated. That’s in stark contrast to early-year sentiments from IEA Executive Director Fatih Birol that balance was returning. Crude oil prices moved erratically in Tuesday trading , but shifted to negative territory at the start of the trading day Wednesday. The price […]