Oil prices eased today in a choppy session on forecasts for slower oil demand growth in China. Adding to bearish sentiment, traders noted crude supplies from Iran and Russia have increased in recent weeks. “Oil locked in on anything and everything that has to do with China. This week, energy traders are seeing oil weakness emerge on disappointing stimulus efforts,” said Edward Moya, senior market analyst at data and analytics firm OANDA. Despite forecasts for less growth in oil demand, consumption in both China and India are still expected to rise in coming months. WTI traded down $1.28 or -1.8% to close at $70.50. Brent traded down $.19 or -.3% to close at $75.90.