MARKET WATCH: Crude oil prices fall on growing US supply forecasts

Crude oil benchmarks fell in Nov. 6 trading on markets in New York and London, which analysts attributed to traders and investors acknowledging upside supply risks given that US oil production has been rising and is expected to continue doing so. The American Petroleum Institute on Nov. 6 reported US oil supplies rose 7.8 million bbl for the week ended Nov. 2.


Source: News