(raw materials / closing price /% change)

Light Crude 91.77 +0.11%

Gold 1,250.20 +0.39%

Oil fell after U.S. crude stockpiles fell less than analysts projected in a government report and OPEC cut estimates for supplies.

Crude inventories fell 1 million barrels to 358.6 million last week, the Energy Information Administration said. Average forecast of analysts was for 1.5 million-barrel drop.

The Organization of Petroleum Exporting Countries (OPEC) expects it will need to pump an average of 29.2 million barrels a day of crude in 2015, about 200,000 a day less than it forecast in August. The change implies OPEC will need to cut output by about 1.1 million barrels a day from the 30.3 million it produced last month.

WTI for October delivery fell 1.41% to $91.57 a barrel on the New York Mercantile Exchange.