Oil prices fall | The Daily Star
12:00 AM, July 20, 2018 / LAST MODIFIED: 12:06 AM, July 20, 2018

Oil prices fall

Oil prices fell on Thursday after official data showed an unexpected rise in US crude stockpiles, US output hit a record high and major oil exporters increased production.

Benchmark Brent crude oil fell $1.07 to a low of $71.83 a barrel before recovering a little to trade around $71.90 by 1045 GMT. On Wednesday, Brent hit a three-month low of $71.19. US light crude was 85 cents lower at $67.91.

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