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Oil prices drop on U.S. inventory rise

Xinhua, December 30, 2016 Adjust font size:

Oil prices dropped on Thursday as the United States reported a crude inventory rise last week.

The West Texas Intermediate for February Delivery dropped 0.29 U.S. dollars to settle at 53.77 dollars a barrel on the New York Mercantile Exchange, while Brent crude for February delivery decreased 0.08 dollars to close at 56.14 dollars a barrel on the London ICE Futures Exchange. Endit