Crude-oil futures were slightly lower in London trade Friday as investors weighed mixed market cues and oil-demand projections by energy agencies. Brent crude for April delivery on London’s ICE futures exchange traded down 19 cents, or 0.18%, at $108.33 a barrel. On the New York Mercantile Exchange, light, sweet crude futures for delivery in March traded down 46 cents, or 0.46%, at $99.89 a barrel. Paris-based energy watchdog, the International Energy Agency, said in its monthly report that oil-demand growth in developed countries more than compensated for weaker-than-expected demand from emerging-market economies. Global oil inventories were tight in the fourth quarter, with commercial oil stocks in developed countries plummeting 135 million barrels, the steepest quarterly decline since 1999. As a result, stocks hit their lowest level since 2008 by end-December. “While there are good reasons to expect the market to rebalance in the […]