Downward pressures on prices of crude prevailed on Tuesday over expected effects of the slide in oil production in the United States and supply disruptions in Libya. Benchmark futures remained moderately below the flat line as market participants reacted to the news the American Petroleum Institute indicated inventories of the commodity fell by 2.3 million barrels in the United States in the week through July 15. Traders reported gasoline stocks were measured to be close to one million barrels higher than in the week before.
WTI oil for delivery in September fell 1.09% to $45.46 per barrel at 10:40 p.m. CET. At the same time, Brent was close to the session low, 0.68% in negative territory at $46.71 for one barrel. The dollar's daily advance added to friction. The greenback's index was 0.49% up at $97.02 points at 11:00 p.m. CET.
Image: EPA / British Petroleum
