Brent Oil fell another $2, falling below $58 per barrel. Until recently, it was large quantities of American crude oil, coupled with Saudi Arabia’s decision not to cut production, that led to the current price drop. But the International Energy Agency cut the forecasted 2015 demand for oil, which sent oil’s price even lower. There is no impending news that might signal a reversal, so analysts are thinking oil could drop below $50/gallon.