Oil prices fall on eve of US stockpile data
Pump jacks and wells in an oil field
New York - QNA
Oil Prices dropped Wednesday on the eve of US stockpiles data, with most traders forecasting a rise in supplies in the world’s largest consumer of crude oil.
The US benchmark, West Texas Intermediate for delivery in July, dropped $1.39 to close at $102.72 a barrel on the New York Mercantile Exchange.
Brent North Sea crude for July settled at $109.81 a barrel, down 22 cents from Tuesday’s close, in London.
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