14-12-2016 02:15 via uk.news.yahoo.com

Oil prices fall on rising U.S. crude stocks, OPEC output concerns

By Henning Gloystein SINGAPORE (Reuters) - Oil prices fell on Wednesday following a reported rise in U.S. crude inventories and an estimate that OPEC may have produced more crude in November than previously thought, potentially undermining a planned output cut. U.S. West Texas Intermediate (WTI) crude oil futures were down 69 cents, or 1.3 percent, to $52.29 a barrel at 0101 GMT. International Brent crude futures were down 62 cents, or 1.1 percent, at $55.10.
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