Algerian Radio
Oil prices dropped in early Asian trading today, Thursday, after recording an increase of more than 4 percent in the previous session.
Brent crude futures declined by 12 cents, or 0.2 percent, to $70.23 per barrel, while U.S. West Texas Intermediate (WTI) fell by 8 cents, or 0.1 percent, to $65.11 per barrel, after both reached their highest levels since January 30 on Wednesday.
Data from the American Petroleum Institute (API) showed a decline in crude oil, gasoline, and distillate inventories last week, contrary to expectations of a crude stockpile increase of approximately 2.1 million barrels. Official data is expected to be released later today.
