Oil Prices dropped Wednesday on the eve of US stockpiles data, with most traders forecasting a rise in supplies in the world’s largest consumer of crude oil.
The US benchmark, West Texas Intermediate for delivery in July, dropped $1.39 to close at $102.72 a barrel on the New York Mercantile Exchange.
Brent North Sea crude for July settled at $109.81 a barrel, down 22 cents from Tuesday’s close, in London.