West Texas Intermediate crude slid for a fifth time in six days after OPEC cut forecasts for the amount of oil it needs to supply and the dollar strengthened. OPEC lowered every published forecast for its crude demand through 2035 except next year. Oil also dropped as Libya said it will resume pumping crude “soon” at its biggest field. The euro weakened against the dollar as European Central Bank President Mario Draghi deepened his commitment to stimulus. “Demand is down and supply is up, we are in a situation where we will continue to go lower,” said Tariq Zahir, a New York-based commodity fund manager at Tyche Capital Advisors. “The stronger dollar is weighing on the market. We are selling any rallies that we get, which has been a good trade.” WTI for December delivery slid 77 cents, or 1 percent, to close at $77.91 a barrel on the […]