Oil Prices Edge Lower Following Industry Data Showing Increase in U.S. Crude and Gasoline Stocks
On the New York Mercantile Exchange, West Texas Intermediate (WTI) crude for July delivery dipped by 16 cents, equivalent to 0.2%, settling at $73.09 per barrel. Meanwhile, August Brent crude, the global benchmark, recorded a 12-cent decline, or 0.2%, reaching $77.40 per barrel on ICE Futures Europe.