West Texas Intermediate crude headed for a fourth weekly drop, the longest losing streak since November, on signs of slowing demand. Brent traded near a 13-month low as threats to supplies in Iraq eased. Futures were little changed in New York and London. The U.S. Energy Information Administration and Paris-based International Energy Agency cut 2014 forecasts for global demand this week. Iraqi Prime Minister Nouri al-Maliki said yesterday he has agreed to leave office and clear the way for his designated successor to take over. WTI will probably decline further in coming days, a Bloomberg News survey shows. “The reports from the EIA and IEA confirm what the market was already expecting, a near-term outlook where supply growth easily keeps up with demand growth,” Ole Sloth Hansen, an analyst at Saxo Bank A/S in Copenhagen, said by e-mail. “If it wasn’t for geopolitical worries oil prices would be lower […]