Oil prices fell 7 percent on Tuesday as equity markets remained weak, forecasts called for record high U.S. crude stockpiles to grow more, and the latest global energy demand outlooks did not look strong enough to eliminate the swelling glut. U.S. gasoline futures fell to a 2008 low ahead of weekly inventory data expected to show crude and gasoline stocks growing to record highs. Continuing weakness in equity markets also pressured oil. Wall Street’s S&P 500 index .SPX fell almost 1 percent. [.N] Sunday’s talks between Saudi Oil Minister Ali al-Naimi and his Venezuelan counterpart produced no tangible signs of progress on coordinated oil production cuts between OPEC and non-OPEC suppliers. Oil prices were pressured further by weak demand outlooks issued by the U.S. government’s Energy Information Administration (EIA) and the Paris-based International Energy […]