Oil Prices Fall Ahead Of US Inventory Data

Dubai – Massader News

Oil prices fell on Wednesday. Brent crude futures fell by 1.03% to $ 62.21 a barrel ahead of US inventory data, according to a report published by Mubasher.

Nymex crude futures dropped $ 56.90 a barrel by 1.3%.

US inventory data are due to be announced later in the day after preliminary forecasts showed gasoline inventories are rising while oil inventories are falling , according to Mubasher.

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