India, July 16 -- Despite a decrease by US crude oil inventories, the price of crude oil dropped for the third straight day on Wednesday amid fears over US tariffs leading to slow economic growth.
Today, WTI Crude Oil for August delivery edged down by $0.14 to settle at $65.38 per barrel.
September month Brent Crude contract was last seen trading down by $0.02 to $68.69 per barrel.
The Energy Information Administration released a report today revealing crude oil inventories slid by 3.9 million barrels last week after jumping by 7.1 million barrels in the previous week. Economists had expected crude oil inventories to dip by around 1.8 million barrels.
However, the report also said gasoline inventories increased by 3.4 million barrels la...