Even as oil has rallied on OPEC’s agreement to cut supply, slowing demand could bring the price back down again. After years of healthy growth fueled by low prices and Asia’s expanding appetite, demand for oil next year could increase at its slowest pace since 2014, some analysts say. That could douse a major oil rally sparked by the Organization of the Petroleum Exporting Countries’ agreement, along with other major suppliers, to cut around 2% from the global supply. Emerging giants such as China aren’t increasing their demand for oil at the speed they once were. Analysts also expect higher U.S. interest rates to hit emerging market demand. Higher U.S. rates have historically hit crude consumption there. The recent run-up in oil prices may also be self-defeating, as the extra expense curbs consumption. “In […]