Thu, 31 Jul 2014 16:15:14 GMT
WTI falls under $100 as US gasoline stockpiles increase
The Texas light sweet
declined for a forth day in a row due to rising US fuel supplies.
With the supplies increasing by 365,000 barrels to 218.2 million the WTI
September futures contract fell by 1.1% and was trading at $99.16 a barrel on
the NYMEX. Meanwhile, the Brent was also lower at $105.88 a barrel
losing 63 cents for the day.