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Oil Prices Fall ahead Of The Release Of Inventory Data

Dubai – (Massader News)

Oil prices fell on Wednesday and Brent crude futures fell by 0.4% to $ 55.77 a barrel, ahead of the release of inventory data, according to Mubasher.

Nymex crude futures fell by 0.3% to $ 50.26 a barrel.

Preliminary data from the US Petroleum Institute released on Tuesday expected that oil inventories fell by 4.1 million barrels in the week ending September 29, according to (Market Watch).

The US Energy Information Administration issues the official figures for US oil inventories last week, later in the day

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Dubai Masaader News #Oil prices Masaader News #US Petroleum Institute Masaader News #

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