Mubasher: Oil future settled lower on Wednesday, as US stockpiles rose.
September Nymex WTI declined by $2.54, or 4.7%, to close at $51.09 per barrel.
US crude oil inventories rose by 2.4 million barrels to 438.9 million barrels in the week ended 2 August, according to the Energy Information Administration (EIA).
Source:
Mubasher