Oil Prices Fall to over 3-Month Low

Singapore, Oil prices fell on Wednesday to their lowest in over three months, after industry data showed a steep build in U.S. crude supplies, while mixed Chinese economic data raised worries about global demand for crude.

Brent crude futures dropped 25 cents to $81.36 a barrel , while U.S. crude futures fell 35 cents to $77.02 a barrel. Both declined to the lowest since July 24 in early Asia trade.

U.S. crude oil stocks rose by almost 12 million barrels last week, market sources said late Tuesday, citing American Petroleum Institute figures.

Source: Qatar News Agency