Crude Oil futures for January delivery fell nearly 2% Tuesday, settling at $76.02 a barrel on the New York Mercantile Exchange, the lowest settlement since Oct. 14. Crude Oil fell to $75.73 a barrel in electronic trading late Tuesday, down 0.4% after the American Petroleum Institute said U.S. crude stockpiles rose by 3.4 million barrels last week. U.S. inventories had begun to level off earlier this quarter, but weak demand has prevented any significant reduction in the surplus. The outlook for recovery in demand was further marred when the U.S. Commerce Department cut third quarter GDP growth expectations for the quarter to 2.8% from an earlier estimate of 3.5%. The release of today's Crude Oil Inventories from the Department of Energy at 15:30 GMT is also expect to show a rise in supplies, possibly putting further pressure on Oil prices