Baku. Vugar Mustafayev - APA-Economics. Crude oil fell for a third day after a government report yesterday showed that U.S. fuel demand declined to the lowest in almost five years.
U.S. energy producers still have about 62 percent of oil production idled in the Gulf, the U.S. Minerals Management Service said in a statement on its Web site. The area accounts for about 26 percent of U.S. oil output.
Brent crude oil for November settlement declined 63 cents, or 0.6 percent, to settle at $102.45 a barrel on London’s ICE Futures Europe exchange yesterday.
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