Oil Prices Drop, Brent Hits $ 63.40 A barrel

Dubai – (Massader News)

Oil prices fell on Wednesday and Brent crude futures fell by 0.5% to $ 63.40 a barrel, according to a report published by Mubasher.

Nymex crude futures fell by 0.5% to $ 56.93 a barrel.

 The data of China’s General Administration revealed today that its oil imports in October fell to 7.3 million barrels per day from 9 million bpd in September, the lowest level since October 2016.

Investors are awaiting today’s release of US inventory data by the Energy Information Administration, according to Mubasher.

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