Crude oil approached six-year lows on Tuesday after a leading Opec producer said the cartel would not change its strategy to hold production at current levels, adding that a rebound in prices was unlikely. Brent crude, the international benchmark, and West Texas Intermediate have fallen almost 60 per cent since the middle of June to levels last seen in early 2009. ICE February Brent fell as far as $45.23 a barrel before recovering to $45.39 a barrel, down $2.04 in early trading. Nymex February West Texas Intermediate declined $1.57 to $44.50. More On this topic IN Commodities Speaking at an energy conference in Abu Dhabi, Suhail bin Mohammed al-Mazroui, the oil minister for the United Arab Emirates, said that he was confident that Opec’s November decision made in Vienna was the right one “The strategy will not change . . .” he said of the move to keep output at its existing […]