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Crude oil fell amid speculation that global fuel consumption is slowing while production climbs.The International Energy Agency cut its global oil demand forecast for 2015. The IEA also said Saudi Arabia exported the least in almost three years as purchases slowed from China and Europe. Global oil demand will increase by 1.2 million barrels a day, or 1.3 percent, to 93.8 million barrels a day next year, the Paris-based IEA said in a report yesterday. The expansion is 165,000 barrels a day less than it predicted a month ago.
WTI for October delivery fell 0.26% to $92.67 a barrel on the New York Mercantile Exchange.
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