The price of Brent crude oil jumped $2 earlier as the West’s energy watchdog said the slide is due to end.<br /><br /> A major price rebound is not expected as global output continues to outstrip demand and production has soared.<br /><br /> Oil prices have fallen 60 percent since June.<br /><br /> The International Energy Agency hedged its bets by saying the prices may still fall further before the recovery sets in. <br /><br /> The extent of the price drop is beginning to have an impact on production including the United States.
