Mubasher: Oil prices declined during Wednesday’s trade, after the American Energy Information Administration (EIA) announced the unexpected increase in the US crude inventories.
By 7:10 PM GMT, the prices for Brent Crude futures declined by 0.51% or $0.29 to $55.06 per barrel.
Meanwhile, the price for January’s futures of West Texas Intermediate (WTI) Crude Oil (Nymex) futures went down by 0.41% or 22 cents to $53.08 per barrel.
