Mubasher: Oil future fell at Thursday’s settlement, as US natural gas stockpiles rose.
September Nymex WTI went down $0.76, or 1.4%, to close at $54.47 per barrel.
The Energy Information Administration (EIA) stated that the US natural gas storage grew by 49 billion cubic feet (Bcf) in the week ended 9 August, recording a total of 2,738 Bcf.
Source:
Mubasher