Crude oil dropped as concern over the prospect of an oversupplied market next year continued to weigh on prices.
OPEC led by Saudi Arabia, is considering a cut of up to 1.4 mbpd next year to avoid the kind of build in global inventories that prompted the oil price to crash.
The EIA data showed that crude oil inventories increased by 10.27 million barrels in the week to November 9.
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