Oil prices fell more than 1 percent on Wednesday after touching their lowest in nearly six years the previous session, extending losses alongside a sell-off in other commodities. Commodities came under pressure after the World Bank cut its forecasts for global growth, reinforcing worries of a gloomy economic outlook at a time when oil markets are plagued by oversupply. “There’s clearly a souring of sentiment towards industrial commodities and I think that’s spilling over to oil today,” said Michael McCarthy, chief strategist at CMC Markets in Sydney. February Brent crude LCOc1 had dropped 49 cents to $46.10 a barrel by 0509 GMT and West Texas Intermediate crude for February CLc1 was at $45.38, down 52 cents. Copper plunged to 5-1/2 year lows, while gold struggled to hold near a 12-week high on Wednesday. “It’s unusual to see the so-called safe-haven assets moving down with industrial commodities,” […]