12-10-2016 23:32 via uk.news.yahoo.com

Oil ends lower on OPEC output hike; U.S. stockpile rise seen

By Barani Krishnan NEW YORK (Reuters) - Oil prices fell on Wednesday after OPEC reported another monthly hike in output and extended losses in post-settlement trade as industry data suggested the first U.S. crude inventory build in six weeks. The Organization of the Petroleum Exporting Countries (OPEC) said its production rose in September to the highest in at least eight years. The American Petroleum Institute (API), a trade group, said after the market settled that U.S. crude stockpiles rose b
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