Thu, 28 Aug 2014 08:14:05 GMT
Crude oil falls due to excess supply
WTI and Brent prices declined as concerns about
oil-production vanished, which made traders abandon their longs. The October contract for the Texas light sweet was 0.35% lower and traded at
$93.56 a barrel. Brent for the same month lost 0.15% and was at $102.57 a barrel. With
supply data showing a smaller inventories decline than expected at 944,000
barrels fuel inventories increased by 1.25