Wednesday, 1 August 2018

Oil extends decline after biggest monthly slump in two years

TOKYO (Reuters) - Oil prices fell on Wednesday after industry data showed U.S. stockpiles of crude unexpectedly rose, starting the new month in negative territory after the largest monthly decline in two years in July. October Brent crude futures dropped 29 cents, or 0.4 percent, to $73.92 a barrel by 0044 GMT, adding to a 1.8 percent loss in the previous session.

from Latest News Business on Firstpost https://ift.tt/2OzUbYv

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