Growth in crude oil demand set to slow: IEA

Growth in global demand for crude is set to slow next year as the allure of cheap oil fades, the International Energy Agency (IEA) said on Friday. The IEA now expects oil demand to grow by 1.2 million barrels per day (mbd) in 2016, after a five-year high of 1.8 mbd this year as cold weather and rekindled economic growth in some countries also boosted consumption. "Momentum eases towards its long-term trend as recent props -- sharply lower oil prices, colder-than-year-earlier winter weather and p