U.S. West Texas Intermediate (WTI) crude settled down 56 cents, or 1.1 percent, at $49.96.
Oil traded near $50 a barrel with Opec's secretary-general set to visit Baghdad on Tuesday for talks aimed at resolving a deal on output after Iraq said it should be exempt from planned cuts.
Iraqi oil minister Jabar Ali al-Luaibi said on Sunday the country, second largest producer in OPEC, wanted to be exempt from output curbs as it needed more money to fight Islamic State militants. "If OPEC is producing 33 million barrels of oil per day. and if non-OPEC incorporate 16 million, or half, they should also take out half of that ratio from the market, 400,000 or 500,000 barrels of oil per day", Del Pino said. Prices closed down 67 cents at $50.79 a barrel on Tuesday, the lowest settlement since September 30.
Oil prices fell on Wednesday, pulled down by a report of surging USA crude inventories, rising output in Nigeria and squabbling among producers about a planned output cut, which together re-ignited concerns over a global supply glut.
The OPEC members will approve the proposed oil output cut at a meeting in Vienna next month.
After markets closed Tuesday, the American Petroleum Institute said that US oil inventories increased by 4.8 million barrels in the week ended October 21, higher than the 2.0-million-barrel build forecast by analysts.
Oil fell more than 1 per cent on Wednesday even after a surprise drawdown in USA crude inventories, as traders remained cautious that OPEC would be able to cut production come late November.
Brent crude was down 86 cents, or 1.7 per cent, at $49.93 a barrel by 13:53 p.m. EDT (1753 GMT). In post-settlement trade, it got down to as low as $50.56.
In short, Doctor Strange has more important things to worry about than the innocence of Bucky Barnes and the Sokovia Accords. The other night, I watched a movie about a selfish, devil-may-care genius who suddenly ends up injured and helpless.
Duterte says: " China has been a friend of the Philippines and the roots of our bonds are very deep and not easily severed". On Friday, White House spokesman Josh Earnest described Duterte's comments as "personal", "offensive" and "confusing".
Mesches and Jolene then entered a loving embrace as the two fell to the floor while Jolene happily jumped about the room. You can see what appears to be pure shock and joy as she sees the living, breathing, giant version of her favorite toy.
A Fish & Wildlife spokeswoman said the report would provide invaluable information for the investigation. The reports show that all of the men suffered blunt force injuries to the head and torso areas.
After two weeks of picking against the Irish, I have a feeling they're due - just as Stanford was two weeks ago in South Bend . It was Murphy's Law in South Bend for the Hurricanes. "You have to come out with a little more control", McGlinchey said.
Clinton maintains a staff of more than 800, and has spent more on advertising than Trump has every single week of the race. And Trump himself has contributed just over half the $100 million he pledged to help bankroll his own campaign.
The 25-member commission which reached the proposal includes the United States, China, Russia and the European Union. Scientists believe that the marine park can be a platform for a deeper understanding of climate change impacts.
Kicker Wil Litz added his fourth goal of the game, a 41-yarder with 1:57 to play, to provide the final margin. The New Orleans Saints rallied to defeat the Seattle Seahawks 25-20 Sunday at the Mercedes-Benz Superdome.
Some speculate that these marksmen could be part of special forces such as the SAS or U.S. The raids follow reports earlier in the week of ISIS executing 232 people.
Supporters of presidential write-in candidate plan event
Ironically, McMullin has more political experience than Trump, who's never worked in government and never run in any election. He is polling in the high 20's or low 30's, approximately even with Trump and with Democrat Hillary Clinton.
Sanders urges government to kill AT&T-Time Warner merger
AT&T would love to avoid an FCC review, which in the past has killed deals such as AT&T /T-Mobile and Comcast/Time Warner Cable . HBO and HBO Latin America have a combined seven licenses, and Turner Broadcasting System has 14 licenses.
Tesla unexpectedly reports second-ever quarterly profit
Tesla will have to beat the pace of those third-quarter deliveries if it wants to make its guidance for the full year. Immediately following the announcement, the company's shares rose almost 5 percent to $212.in after-hours trading.
Icelandic voters to choose between Pirates and establishment
The centre Regeneration Party, which could be the kingmakers in the election, garnered seven seats in the Icelandic parliament. REYKJAVIK , Iceland (AP) - There was no Pirate takeover, but the upstart party managed to make waves in Iceland.
Iraq's Shiite militias join Mosul push; bombs rock Baghdad
Militia commanders have said that their forces will not enter Mosul but will instead focus on surrounding towns like Tel Afar. The militias have been accused of systematic abuses against Sunnis, whom the militias view as sympathizers of Islamic State.
Trump hits 'corrupt' Hillary Clinton; Mrs. Obama hugs her
Taking the podium, Obama hailed Clinton "for her leadership, for her courage and for what she is going to do for this country". Michelle Obama's approval ratings actually increased by 6 percentage points after her Democratic National Convention speech.
Released memo outlines Bill Clinton's lucrative speeches
Hillary Clinton backed out of a 2015 foundation event in Morocco, for example, after that country's king pledged $12 million. Hillary Clinton has said job one after she and her husband left the White House in 1997 was making money.
Guardiola: I'll quit City if..
We could have scored goals, we had the same amount of possession - and nearly the same amount of goalscoring opportunities. Old Trafford: Manchester City manager Pep Guardiola says he would rather quit than change his footballing philosophy.