Crude oil prices were lower Wednesday morning, near yesterday’s 3-month low, as traders weighed inventories data and assessed Iran’s nuclear deal.
The American Petroleum Institute reported a larger-than-expected 7.3 million barrel decline in U.S. crude oil inventories for the week ended July 10.
That helped crude prices steady after big losses earlier in the week.
U.S. Crude oil was down 34 cents $52.71 a barrel, having dipped below $51 a day ago.
The U.S. Energy Information Administrations will publish its weekly inventory data later Wednesday.
The material has been provided by InstaForex Company – www.instaforex.com