Crude oil prices fell three percent to its lowest level since August amid fears of increase in US inventories of oil and Iraq to export more crude to the United States.
And it increased US crude inventories rose 6.3 million barrels in the week that ended on the sixth of November, to 486.1 million barrels, according to data from the American Petroleum Institute published on Tuesday evening versus analysts' expectations of an increase of one million barrels only.
And traders and investors are awaiting the official US Energy Information Administration on Thursday issued data management. A Reuters poll showed that stocks may rise for a seventh straight week.
Navigational data showed that "due to sail tankers carrying nearly 20 million barrels of Iraqi oil to the United States in November, an increase of about 40 percent from the amounts that were expected to arrive in October. According to US data that that amount equivalent to more of 660 thousand barrels per day on average and will constitute the largest monthly imports since mid-2012.
And went down the price of Brent crude oil futures to $ 1.63 or 3.4 percent to $ 45.81 a barrel at the settlement after declining earlier in the session to 45.62 its lowest level since 27 August.
Fell US crude futures settled at $ 1.28 to $ 42.93 for Brmel.anthy 29/4 e
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