Oil Falls on Expectations of Gain in U.S. Supply Report

Oil fell on expectations that U.S. supplies will rise for the first time in three weeks and concern that a weaker economy will curb demand for commodities.

Prices dropped 1.2 percent. Stockpiles probably gained 1.5 million barrels last week, a Bloomberg survey showed before a government report tomorrow. Oil slipped with equities as Alcoa Inc. cut its aluminum-consumption forecast on waning Chinese growth. Brent oil was little changed on Mideast tension, and its premium to New York futures reached the most in almost a year.