(MENAFN)
Oil prices have decreased on Wednesday as data showed a rise in the U.S. crude oil inventories.
According to the weekly petroleum status report released by the U.S. Energy Information Administration, the commercial crude oil inventories of the U.S. added 1.1 million barrels in the week that ended on the 13th of September.
The report said that at 417.1 million barrels, crude oil inventories in the U.S. were at 2 percent under the five year average.
Brent crude for November delivery dropped USD0.95 to set at USD63.6 per barrel on the London ICE Futures Exchange. The West Texas Intermediate for October delivery dropped USD1.23 to reach USD58.11 dollars perbarrel on the New York Mercantile Exchange.
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