Oil declines on supply report

Crude oil futures for delivery in January fall below $100 a barrel as market sentiment was impacted by bleaker economic outlook on the euro-zone coupled with supply report that indicated a large increase in the oil inventory level. The inventories increased by 1.3 million barrels this week, according to EIA report. Crude oil futures lost 0.9% to$99.67 on the New York Mercantile Exchange.