Mubasher: Oil prices decreased on Wednesday, after data showed a surpruising surge in the United States crude inventories.

Nymex futures for September delivery fell 1.6% to $67.66 per barrel, while Brent futures dropped 2.5%.

US crude oil stockpiles rose by 3.8 million barrels to 408.7 million barrels in the week ended 27 July, as shown by the data of the Energy Information Administration (EIA).