USD 63.773

+0.02

EUR 70.6286

+0.1

BRENT 62.77

+1.84

AI-92 42.35

0

AI-95 46.15

+0.01

AI-98 51.61

+0.01

Diesel 47.45

+0.01

14

US Inventories Rose According to US Report

Oil prices now stand almost thirty dollars lower than their record high

US inventory report revealed a rise in crude and other fuel stockpiles on belief that high energy prices are eroding demand.

Light, sweet crude for September delivery settled at US$118.58 a barrel on the New York Mercantile Exchange, after briefly dipping below US$118 a barrel yesterday.

Oil prices now stand almost thirty dollars lower than their record high - the lowest settlement price since May 2. Prices peaked to US$147.27 on July 11.