Global crude oil fell, on concerns that a persistent global glut of crude oil and refined products will impede any price recovery. Losses were capped by slightly better-than-expected Chinese economic data reflecting government efforts to stabilize growth, and a drop in Chinese domestic production. So Brent crude oil futures fell 52 cents, to 46.85 dollars a barrel. U.S. crude lost 50 cents, to 45.18 dollars a barrel. While the price collapse over the past two years has led to a sharp drop in global oil production, stored inventories remain at high levels, particularly for refined products, weighing on a recovery in prices. Netherlands-based, ING Bank has forecast that Brent will average around dollars 40 a barrel in the third and fourth quarters of 2016. China's domestic crude oil production during the first six months of 2016 fell 4.6 percent from a year ago, to the lowest level since 2010.