Oil Prices Drop As US Inventories Rise
According to Reuters, oil prices fell after data suggested US inventories of crude oil increased.
On the day for August 13th, Brent crude futures dropped three-tenths of a percent down to $72.61 per barrel.
But West Texas Intermediate crude was down seven-tenths of a percent, trading at $67.20 per barrel.
Data from a market intelligence firm found that inventories at a delivery hub in Oklahoma rose by 1.7 million barrels in one week.
On the day for August 13th, Brent crude futures dropped three-tenths of a percent down to $72.61 per barrel.
But West Texas Intermediate crude was down seven-tenths of a percent, trading at $67.20 per barrel.
Data from a market intelligence firm found that inventories at a delivery hub in Oklahoma rose by 1.7 million barrels in one week.