Abu dhabi: Oil prices fell on Wednesday extending this week's losses and trading near four-month lows hit in the previous session. Brent crude futures were down 37 cents, or 0.5 percent, at $76.71 a barrel as of 0043 GMT, and US West Texas Intermediate slipped 36 cents, or 0.5 percent, to $72.85 a barrel.
According to Emirates News Agency, both benchmarks declined nearly 1 percent on Tuesday, touching their lowest levels since early March.