Oil down; U.S. crude settles below $50 on stockpile concerns

By Ethan Lou NEW YORK (Reuters) - Oil prices fell more than 1 percent on Tuesday, with U.S. crude settling below $50 per barrel for the first time in a week ahead of data likely to 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. Trade group American Petroleum Institute will is