This morning, New York crude oil futures for WTI fell 0.22% to $ 45.84 per barrel and Brent oil futures were down 0.17% to $ 46.86 per barrel. Thus, the black gold fell slightly, amid fears of an excess supply on the market. After the coup in Turkey and the overlap of the Bosphorus Strait, traders expected disruptions of oil supplies to the world markets, but their hopes were dashed. Therefore, oversupply of oil, which continues to remain on the market, adversely affect the price. Also, investors are waiting for the American Petroleum Institute data on oil reserves. Analysts expect US stocks of crude oil to decrease by 2.2 million barrels.