The Presidential Daily Brief

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  1. Oil Demand Drops Still Lower 

    Gas up, drivers. Oil prices that tumbled even more Friday haven’t spurred corresponding buying, prompting the International Energy Agency to slash demand forecasts for next year. A weak global economy remains to blame, the IEA says. A strong dollar works against oil demand too, as other nations lose monetary traction. The stock market dipped at the news , with the Dow down some 200 points. At least one expert predicts oil prices may hit $45 a barrel before the market evens out.

    FT (sub), USA Today, CNBC

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