Washington, Crude prices Thursday dropped 2.5 per cent in the US market to continue their losses for the second day in a row, moving away from their three-week high streak with the continuation of corrections and profit-taking, in addition to demand concerns in the oil market in China, according to the “FX” global economic website.
Preliminary data from the American Petroleum Institute showed a decrease in crude inventories in the US for the second week. US crude fell by 2.5 per cent to $ 76.83 a barrel from the opening price of $ 78.78, recording the highest price at $ 78.79. Brent crude declined by 2.3 per cent to $81.90 from the opening price of $83.79 and the highest at $83.82.
Source: Jordan News Agency