Crude oil falls for second day, hovers around US$82

Crude oil prices have fallen for the second consecutive day and is trading at levels around US$82. Oil prices have fallen for a second day in New York on speculation that US inventories increased to a three-month high last week. The previous day saw oil prices fall amid signs that OPEC will leave production targets unchanged. Crude inventories rose 0.9% to 360.9 mln barrels in the week ended Oct. 1, as per last weeks report by the Energy Department.
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