Brent crude rebounded from a one-month low as the International Energy Agency boosted its demand forecast and as tensions grew in Ukraine. West Texas Intermediate climbed for a second day. Brent rose for the first time in three days. The IEA increased its forecast for 2014 global consumption by 95,000 barrels a day, citing economic growth. The U.S. and the European Union are threatening sanctions against Russia if it doesn’t back down from annexing Crimea, which is holding a referendum this weekend on whether to join Russia. “The IEA report certainly helps the market,” said Michael Lynch, president of Strategic Energy & Economic Research in Winchester, Massachusetts . “It makes people more comfortable about demand. People are worried about the situation in Crimea.” Brent for April settlement, which expires today, rose $1.18, or 1.1 percent, to end at $108.57 a barrel on the London-based ICE Futures Europe exchange. The […]