Oil prices fell Tuesday, pushed lower for the fourth consecutive day as market sentiment continued to turn, despite a bullish report from the International Energy Agency. The global benchmark, Brent, was trading down 1.4% at $49.66 a barrel midmorning in London. Its U.S. counterpart, West Texas Intermediate, was down 1.6% at $48.09 a barrel. The International Energy Agency on Tuesday revised its demand forecast upward for this year by 100,000 barrels a day, to 1.3 million b/d from 1.2 million b/d. The demand will be led by emerging markets in India and China as the manufacturing industry grows, the report said. The IEA also released its first demand forecast for 2017, for 1.3 million b/d. A maze of pipes and equipment at The Strategic Petroleum Reserve in Freeport, Texas, earlier… But the body warned that should supply be restored in Nigeria and Canada there could be a dip in […]