Plunge in Oil Prices Unlikely to Last Much Longer, IEA Says

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class="flashline-category" itemprop="articleSection">Oil Markets</a> </span> </div> <h1 class="wsj-article-headline" itemprop="headline">Plunge in Oil Prices Unlikely to Last Much Longer, IEA Says</h1> <h2 class="sub-head" itemprop="description">Group Says Scope of Rebound Will Be Limited and Won’t Feature Prices at Heights of Last Three Years</h2> </div> </div>  </header> <div class="column col7 at16-col9 at16-offset1"> <div class="module"> <div data-module-id="5" data-module-name="article.app/lib/module/articleSnippet" data-module-zone="article_snippet" class="zonedModule"> <div class="snippet"> <div class="byline"> <span>By</span> <div class="author mobile-scrim hasMenu" data-scrim="{"type":"author","header":"Sarah Kent","subhead":"The Wall Street Journal","list":[{"type":"link","icon":"bio","url":"http://topics.wsj.com/person/A/biography/7488","text":"Biography"},{"type":"link","icon":"email","url":"mailto:sarah.kent@wsj.com","text":"sarah.kent@wsj.com"},{"type":"link","icon":"twitter","url":"http://twitter.com/SarahKentWSJ","text":"@SarahKentWSJ"},{"type":"link","icon":"google","url":"https://plus.google.com/116655193166694602390/posts","text":"Google+"}]}" itemscope itemprop="author" itemtype="http://schema.org/Person"> <span class="name" itemprop="name">Sarah Kent</span> <ul class="author-info"> <li class="tri"></li> <div class="info-name">Sarah Kent</div> <div class="info-title">The Wall Street Journal</div> <div class="close-button-container"> <a href="#" class="close-button">CANCEL</a> </div> <li><a href="https://web.archive.org/web/20150313133428/http://topics.wsj.com/person/A/biography/7488" class="author icon bio">Biography</a><a href="https://web.archive.org/web/20150313133428/http://topics.wsj.com/person/A/biography/7488" style="display:none;" itemprop="url" rel="author">Sarah Kent</a></li> <li><a href="https://web.archive.org/web/20150313133428/mailto:sarah.kent@wsj.com" class="author icon email" itemprop="email">sarah.kent@wsj.com</a></li> <li><a href="https://web.archive.org/web/20150313133428/http://twitter.com/SarahKentWSJ" target="blank" class="author icon twitter">@SarahKentWSJ</a></li> <li><a href="https://web.archive.org/web/20150313133428/https://plus.google.com/116655193166694602390/posts" target="blank" class="author icon google">Google+</a></li> </ul> </div> </div> <time class="timestamp"> Feb. 9, 2015 8:00 p.m. ET </time> <div class="wsj-snippet-body"> <p>LONDON—The rapid slide in oil prices over the last nine months won’t last much longer, but the rebound will be limited and won’t feature prices at the heights of the last three years, the International Energy Agency said Tuesday.</p> <p>The crude market succumbed to a steep selloff last year amid booming production in North America and sluggish global demand. Prices have fallen more than 50% since June, prompting a wave of spending cuts... </div> <div class="wsj-snippet-login"> <span class="wsj-snippet-login-text"> To Read the Full Story, </span> <span> <a class="logInLink" href="https://web.archive.org/web/20150313133428/https://subscribe.wsj.com/wsjsnippet"> Subscribe </a> or <a class="logInLink" href="https://web.archive.org/web/20150313133428/https://id.wsj.com/access/509b1a086458232f6e000002/latest/login_standalone.html?url=http%3A%2F%2Fwww.wsj.com%2Farticles%2Fplunge-in-oil-prices-unlikely-to-last-much-longer-iea-says-1423530032"> Log In </a> </span> </div> </div> </div>  </div> <div id="cx-snippetad" class="module wsj-snippet-ad"> </div> </div> <div id="right-rail" class="column hide4 hide8 col4 at16-offset1"> <div class="module snippet-right-ad"> <div data-module-id="4" data-module-name="article.app/lib/module/responsiveAd" data-module-zone="rightRailAd1" class="zonedModule"> </div>  </div> </div> </article> </div> <div 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Plunge in Oil Prices Unlikely to Last Much Longer, IEA Says - WSJ