Melbourne-Sana
Oil prices fell today after traders deliberately sold for profit following strong gains in the previous session and the Libyan Oil Corporation announced progress in talks to resume exports, which may boost supply.
Reuters reported that the most active contracts for Brent crude for September delivery fell 24 cents, or 0.6 percent to $ 41.61 a barrel, reducing yesterday's gains of 92 cents, and the August contract, which is due today, came down 24 cents to $ 41.47.
US crude fell 33 cents, or 0.8 percent, to record $ 39.37 a barrel.
