https://cdnph.upi.com/ph/st/th/6701786637156/2026/upi_com/d0039ac6d4724043c8ad89c0167689c1/v1.5/Oil-prices-decline-as-IEA-forecasts-a-decline-in-demand.jpg" /> The price of crude is on the decline on Thursday after the International Energy Agency projected a decline of 1.6 billion barrels per day in demand.