Crude oil prices are trading near 16-month lows on continued concerns
about global recession which are outweiging talk of a potential OPEC
output cut. Attention turns to the DoE weekly inventory data at
1435 GMT, where oil analysts expect build in crude oil supplies of
2.65mln barrels in the week ending October 17. Gasoline supplies are
expected to rise 2.7mln barrels and distillate supplies are seen up
300k barrels. WTI Nymex crude oil trades at $69.23, down $2.95 on the
session.