Oil Prices Drop to Lowest Levels Since Early June

Oil prices fell to their lowest levels since early June today, as worries over Chinese demand outweighed expectations of declining crude and petroleum product inventories in the United States. Brent crude futures decreased by 77 cents, or 0.97 percent, to $79.01 per barrel. Similarly, US West Texas Intermediate (WTI) crude futures dropped by 66 cents, or 0.87 percent, to $75.15 per barrel. Both benchmarks had fallen by over a dollar earlier in the session. Source: Qatar News Agency