Oil Is Back Below $US100

Crude dipped below $US100 for the first time in nearly a month on an expected stocks build.

Analysts polled by Platts say the EIA will announce tomorrow that supplies increased up by 2.3 million barrels, compared with a build of just 0.1 million barrels last week.

This week, oil has declined nearly 3%. Commodities across the board have also been flagging of late in line with the ongoing slow down in China. Copper is down more than 4%, while platinum is off more than 1%.

Here’s the chart for crude:

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