Crude for March delivery dropped for a fifth day after Saudi Arabian Oil Minister Ali al-Naimi signaled OPEC may increase supply to meet growing demand in China and India.Worldwide oil demand may increase as much as 1.8 million barrels a day, or 2 percent, in 2011, al-Naimi said in a speech in Riyadh today, adding that he is optimistic about global energy markets. Prices gained earlier on forecasts that U.S. economic growth accelerated in the fourth quarter.

source; bloomberg january 24.