By Stephanie KellyNEW YORK (Reuters) – Oil prices fell on Monday after data suggested inventories at the U.S. crude delivery hub rose in the latest week, compounding worries that troubled emerging markets and trade tensions will dent the outlook for fuel demand.Brent crude futures <LCOc1> dipped 20 cents, or 0.3 percent, to settle at $72.61 a barrel, while U.S. West Texas Intermediate (WTI) crude <CLc1> declined 43 cents to settle at $67.20 a barrel, with a 0.7 percent loss.Prices fell earlier in the session by more than $1 a barrel after inventories at the Cushing, Oklahoma, delivery hub for WTI rose by about 1.7 million barrels in the week through Aug. 10, traders said, citing data from market intelligence firm Genscape.Crude inventories at Cushing have been dwindling, in part due to an outage at an oil processing facility in Canada that has reduced the flow of crude into the hub. The Canadian Syncrude processing facility has begun ramping up light oil production and was expected to return to full production in September. “Cushing may finally start to replenish from critically low inventory levels,” said John Kilduff, a partner at Again Capital Management in New York. Turkey’s financial crisis has raised… Read full this story
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