Oil prices went down on Thursday as official data showed U.S. crude inventories rose unexpectedly last week.
The Energy Information Administration said on Thursday that U.S. crude inventories rose by 1.2 million barrels in the week ending June 29, much higher than analysts' expectations for a decrease of 3.5 million barrels.
The West Texas Intermediate for August delivery was down 1.20 U.S. dollars to settle at 72.94 dollars a barrel on the New York Mercantile Exchange, while Brent crude for September delivery was down 0.85 dollar to close at 77.39 dollars a barrel on the London ICE Futures Exchange.
Sources:cctvplus
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