Crude Oil Futures Decline As Global Growth Concerns Linger

Industry data showed crude oil in the euro area term after the debt crisis of concerns about the continuous, on Wednesday fell for the first time in three days last week, U.S. supplies of crude oil increased more than five weeks.

New York Mercantile Exchange, November for the delivery of light, sweet crude future of 0.96% from the European USD83.69 a barrel of oil traded in the morning.

USD82.67 per barrel earlier fell to 1.5% per day for at least commercially.

Market sentiment for EUR109 Greece, the country needs funds increased substantially in recent months between the rescue plan for the second growing concerns over the single currency have been affected following reports of a split in the bloc.

In addition to the nervousness of investors in Finland at the end of the day installing the potential increase in financial stability in Europe, was holding a vote.

Oil traders expected U.S. inventories of crude and refined products in the new weekly data of world oil consumption to measure the strength of oil demand.

Expected to show the data, while the supply of gasoline in the United States to increase by 1.1 million barrels of crude oil inventories rose 1.0 million barrels.

After the close of business Tuesday, the American Petroleum Institute, an industry group, said crude inventories rose 0.56 million barrels while gasoline supplies in the concerns of the United States by encouraging increase of 4, 6 million barrels in total energy demand of the United States was weakening.

According to the European Union, British Petroleum America amounting to about 16%, 21% of global oil demand in 2011 is.

Some light profit taking in oil prices amid fears about the global economic outlook on Tuesday after the rally of 5.3%, weighed.

Elsewhere in ICE Futures exchange, Brent with delivery in November the American equivalent of USD23.01 a barrel, trading USD106.70 a barrel rose to 2.66%.

Libya currently supplies of crude oil did not reach the market during the Royal Dutch Shell, Nigeria's oil production 25,000 barrels per day of strong gains in Brent is as close as.