Oil prices fell on Friday after an more-than-expected increase of US crude oil inventories.
International benchmark Brent crude was trading at $83.80 per barrel at 06.32 GMT for a 0.61% decrease after closing Friday at $84.32 a barrel.
American benchmark West Texas Intermediate (WTI) traded at $82.86 a barrel at the same time for a 0.06% fall after ending the previous session at $82.81 per barrel.
US commercial crude oil inventories increased by 4.3 million barrels to 430.8 million barrels, higher than the market expectation of a 1.65 million-barrel rise, according to the latest data released by the Energy Information Administration (EIA).
Increase of US crude oil inventories, indicating a fall in demand, spurred Thursday’s price slump.
By Gulsen Cagatay
Anadolu Agency
energy@aa.com.tr