India, Aug. 13 -- Crude oil prices fell on Wednesday after the forecast by the Paris-based International Energy Agency projected oversupply in the market this year due to surging supply from OPEC+ and non-OPEC+ oil producers.
Today, WTI Crude Oil for September delivery was last seen down by $0.55 (or 0.87%) at $62.62 per barrel.
Data released by the American Petroleum Institute revealed that US crude oil inventories rose by 1.5 million barrels in the week ending August 8.
A separate report released by the Energy Information Administration today showed that US crude oil inventories rose by 3.037 million barrels in the week ending August 8.
Gasoline inventories fell by 0.792 million barrels, while distillate fuel inventories increased by ...