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CNBC: US oil drops below $100 for first time in 3 months
 
Oil fell on Monday amid pressure from strong supplies, with losses limited by expectations that the U.S. Federal Reserve will delay curbing its money printing program until next year, helping shore up the demand outlook.

Investors awaited the release of delayed U.S. government oil inventory data later in the day, expecting the figures to point to increasing supply after private-sector API numbers last week showed a rise in stocks.

Investors will also scrutinise delayed U.S. payrolls data on Tuesday for further clues on demand in the world's largest oil consumer.

Brent crude futures for December delivery fell by 30 cents to under $110 a barrel. Last week, the contract lost 1.2 percent, its first weekly loss in three.

U.S. crude oil futures for November delivery slid by nearly $1 to below $100, its first dip below that level since early July.
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