Oil falls because America excavators and ignores the positive Chinese data

Oil prices fell on Tuesday on concerns about the high number of drilling rigs in the United States and as investors took profits after a surge in crude prices of around one percent in the previous session.
It was trading global London Brent crude futures at $ 47.67 a barrel by 0639 GMT , down 65 cents or 1.4 percent from its price at the previous settlement.
Oil prices and received little in the positive data on China 's industrial output growth in August , where he remained appetite for profit is the dominant trend in the market support.
The Chinese industrial output grew at its fastest pace in five months in August , with a recovery in demand for products of coal cars , including due to high government spending and a recovery credits for the year and the real estate sector.
Traders said the fall in oil prices on Tuesday is an indication that an increase in drilling activities for oil exploration in the United States is still a source of concern even with crude closing high on Monday because of the dollar 's decline.
The inn WTI US mediator in futures 73 cents , or 1.6 percent , to $ 45.56 a barrel.
And caused oil amounting to four percent losses since the eighth of September , to allay some amount of ten percent gains it had made ​​earlier in the month with support from speculation that the crude exporters may keeping a lid on production.