Oil Prices Drop, And Brent Hits $ 46.74 A barrel

Dubai – ( Massader News )

Oil prices fell at the end of trading on Wednesday, due to the decline in US oil inventories, and prices for crude oil futures, “Nymex” fell by 3.7% at 44.73 dollars a barrel, the lowest level since the end of 2016.

Brent crude for July delivery fell 3.5% to $ 46.74 a barrel.

The US Energy Information Administration announced yesterday, the decline of oil inventories by about 1.7 million barrels.

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