New York-Sana
Oil prices fell today after government data showed lower demand for gasoline at the height of the summer season.
Reuters reported that the global benchmark Brent crude contracts for September delivery ended the trading session as low as 43 cents, to settle at $106.92 a barrel, while the US benchmark West Texas Intermediate crude contracts for August delivery fell $1.96 to close at $102.26 a barrel.
US crude contracts expire to the nearest maturity at the end of today's session.
The most active September contracts closed at $99.88 a barrel, down 86 cents.
The data also showed that US crude oil inventories fell by 446,000 barrels last week, while it was expected to rise by 1.4 million barrels.
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