| The free market oil price is declining as US commercial crude oil inventories grow, trading information revealed Wednesday. As of 6:51 p.m. Moscow time (14:51 GMT) the price of November futures on Brent Crude Oil decreased by 0.39 percent to $98.67 per barrel. The October futures price on WTI crude oil went down by 0.83 percent to $94.1 per barrel.
Earlier on Wednesday, the US Energy Information Administration reported that the volume of US commercial crude oil inventories increased over the week ending September 12 by 3.7 million barrels and stood at 362.3 million barrels...........................................Full Article: Source |