NEW YORK: Oil prices settled lower on Tuesday, then tumbled again after hours following a trade group's report of a U.S. crude inventory build nine times larger than forecast.During regular trading hours, crude prices hit one-month lows before paring losses at settlement. Then the American Petroleum Institute (API) said crude stockpiles swelled 9.3 million barrels in the week to Oct. 28. If the government data confirms the large build, traders said crude prices could plummet. U.S. West Texas Intermediate crude settled down 19 cents at $46.67. After the API report, it fell to $46.27.

Source: The Star November 01, 2016 22:52 UTC