Oil Prices Fall Amid Signs of Improving Global Supply Conditions

 Oil prices fell today, extending losses from the previous session amid signs of improving global supply conditions, rising production by the Organization of the Petroleum Exporting Countries (OPEC), and an increase in China's crude oil imports.
 Brent crude futures declined 2.17% to $90.40 per barrel, while U.S. West Texas Intermediate (WTI) crude futures fell 1.75% to $85.10 per barrel.
 In China, crude oil imports rose in October to their highest level since March, according to official data released today, following a sharp decline in the preceding period.