U.S. crude set to close at 18-year low after OPEC cuts demand forecast

NEW YORK (Reuters) - Oil prices slid, with U.S. crude on track for its lowest close since 2002, after OPEC lowered its global oil demand forecast due to the plunge in demand delivered by the coronavirus outbreak.Oil has been under pressure all week after a series of forecasts for growing supply and reports of weak demand. The Organization of the Petroleum Exporting Countries' latest monthly report forecasts global demand will contract by 6.9 million barrels per day (bpd), or 6.9%, in 2020. Brent..