India, July 23 -- Crude oil price fell on Wednesday despite a larger-than-expected drop in US inventories, as traders focused on the ongoing US trade talks with its partners and assessed the deals signed so far.
Today, WTI Crude Oil for September delivery edged down by $0.06 to settle at $65.25 per barrel.
September month Brent Crude contract was last seen trading down by $0.08, to $68.51 per barrel.
Data provided by API revealed that US crude oil inventories dropped by 577,000 barrels for the week ending July 18, reversing the previous week's downwardly revised 840,000-barrel build.
Separately, the Petroleum Status Report by US EIA revealed that for the week ending July 18, crude oil inventories in the US fell by 3.169 million barrels,...