Crude oil futures settle at their lowest since July 10, influenced by strong increases in U.S....

|By:, SA News Editor

Crude oil futures settle at their lowest since July 10, influenced by strong increases in U.S. supplies of crude and gasoline. "Consumption of gasoline is down by over half a million barrels a day due to Sandy. Nothing Obama does will impact crude in the short term." But traders surely are keeping a nervous eye on a potential fiscal cliff. WTI crude -4.8% to $84.45, Brent crude -3.9% to $106.72.