Oil extends decline amid projected rebound in U.S. stocks

Oil prices extended declines on Monday amid projections that U.S. data is set to show a big rebound in crude inventories to offset an unexpected slump due to the impact of a tropical storm. London Brent crude for November delivery was down 49 cents, or 1.0 percent, at $47.52 a barrel by 2246 GMT on Sunday after settling down 4 percent on Friday. NYMEX crude for October delivery was down 60 cents, or 1.3 percent, at $45.28 a barrel, after closing down 3.7 percent on Friday.