Commodities IEA sees oil market stuck between no major slowdown but stalled recovery Updated : September 07, 2020 12:41 PM IST The Paris-based agency downgraded its outlook for the first time in three months, as the epidemic continues to wreak economic pain and job losses worldwide. Crude prices plunged in spring to historic lows as the pandemic’s lockdowns crushed demand, and have pared losses but remained stuck near USD 40 a barrel. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.