Crude oil futures fell Wednesday after a US government report showed a more-than-expected increase in stockpiles of distillates
Crude oil futures fell Wednesday after a US government report showed a more-than-expected increase in stockpiles of distillates.
US light, sweet crude oil futures dropped 61 cents to $60.01 a barreloOn the New York Mercantile Exchange.
Meanwhile, on London's IPE August Brent crude-oil futures fell 55 cents to $ 58.27 per barrel.
The Energy Department reported that US supplies of distillates rose 3.19 million barrels last week, more than a 2 million-barrel increase analysts and traders had expected.
However, the government report showed that inventories of crude oil fell 3.9 million barrels to 320.9 million, and refinery operations fell 1.9percent to 96.2 percent.
