Commodity Market News : US crude closes 3.45 pct lower, at $43.16, marking a 3-week low .

Oil costs fell more than 2 percent on Thursday, heading for their most honed week after week misfortune since January, as speculators dismissed talk that OPEC may solidify generation and concentrated on a developing overabundance from U.S. rough stockpiles. 

Vitality checking administration Genscape's report of a 714,282-barrel drawdown at the Cushing, Oklahoma, conveyance point for U.S. unrefined prospects amid the week finished on Aug. 30 did little to reinforce assessment, brokers said. 

Financial specialists centered rather on Wednesday's administration information demonstrating a 2.3 million-barrel work in U.S. rough stocks in the most recent week, more than twofold what the business sector had anticipated. Inventories of distillates, which incorporate diesel and warming oil, climbed about 10 times as much as conjecture, the information from the U.S. Vitality Information Administration appeared. 

"The high U.S. stock information propose oversupply will stay for more than anticipated," said Hans van Cleef, senior vitality market analyst at ABN AMRO Bank N.V. in Amsterdam.

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