Mubasher: Oil prices settled lower on Wednesday, after data showed yet another surge in American crude inventories.
Nymex crude futures dropped 2.2% and closed at $61.64 per barrel, while Brent declined by around 1.5% to $65.7 per barrel.
The American crude has now recorded its first monthly losses in February, after five rising for five months in a row.
Source:
Mubasher