Mubasher: Oil futures declined at Wednesday’s settlement, after three successive gains.
October Nymex WTI lost $0.45, or 0.8%, to close at $55.68 per barrel.
The Energy Information Administration (EIA) reported that US crude oil inventories dropped by 2.7 million barrels to 437.8 million barrels in the week ended 16 August.
Source:
Mubasher