Oil down; U.S. crude below $50 ahead of inventory data

By Ethan Lou NEW YORK (Reuters) - Oil prices fell more than 1 percent on Tuesday, with U.S. crude breaking below $50 per barrel for a second straight day ahead of weekly data that could show a build in domestic inventories. Producers' verbal jockeying about the Organization of the Petroleum Exporting Countries' (OPEC) planned output cut weighed further on the market, analysts said, noting Iraq's resistance to the plan and its rising output for October. Brent crude futures fell 64 cents, or 1.2 p