25-10-2016 17:21 via news.yahoo.com

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

By Ethan Lou NEW YORK (Reuters) - Oil prices fell 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. A rallying dollar and falling share prices on Wall Street weighed further on crude oil futures. Analysts said verbal jockeying among the Organization of the Petroleum Exporting Countries (OPEC) created uncertainty about potential output cuts at its meeting next month, noting that a par
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