Oil trades near three month low as u s crude storage hub swells.

Oil declined to a three-month low in New York as the dollar strengthened against the euro and U.S. crude stockpiles stayed above the seasonal average. Iran, the fourth-biggest member of the Organization of Petroleum Exporting Countries, won't achieve a crude-export boost of more than 500,000 barrels a day, or about 50 percent, until next year, according to banks including Goldman, Citigroup Inc. and Commerzbank AG. [Extracted from the article]