April 12, 2013 1:22 PM

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Oil mixed in Asia trade as Int'l Energy Agency lowers demand forecast

Oil was mixed in Asia today as the International Energy Agency's lower forecast for growth in world energy demand weighed on the market.The Paris-based IEA yesterday projected that global oil demand would grow by 795,000 barrels per day to a total of over 90 million barrels a day in 2013.New York's main contract, light sweet crude for delivery in May, dropped 19 cents to over 93 dollars a barrel and Brent North Sea crude for May delivery gained nine cents to over 104 dollars in mid-morning trade.

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