Oil prices fell after weekly oil reports revealed an unexpected weekly rise in US crude inventories, analysts said. September crude futures on the New York Mercantile Exchange closed 52 cents lower at $31.70/barrel. “Prices are well off their highs after the US stats, but I don’t think the figures are particularly dramatic,” said analyst Peter…
MARKETS: Oil prices correct lower after surprise US crude build
Posted on August 8, 2003 by EnergyAsia