US Inventory Build and OPEC's Reluctance to Lower Output Pressured Oil

Crude oil prices continued to fluctuate amidst uncertainty in the demand/supply outlook. Benchmark contracts declined for a second consecutive day as OPEC's latest report signals that the cartel would unlikely agree to cut production in the meeting in December. The front-month WTI contract fell -2.75% to close at 41.75 while the Brent contract plummeted -3.82% to settle at 44.06.

from Oil N' Gold Focus http://www.oilngold.com/ong-focus/insights/us-inventory-build-and-opecs-reluctance-to-lower-output-pressured-oil-2015111331730/