Oil prices decline for third straight day

22/04/2021 Argaam

Oil prices declined for the third day on Thursday as data showed an increase in US crude stockpiles, and as India reported 300,000 coronavirus cases in one day.

 

International benchmark Brent crude was trading down 0.2% at $65.16 per barrel, around 10 am Makkah time.

 

WTI crude fell 0.3% to $61.17 per barrel.

 

The official data from Energy Information Administration (EIA) showed an increase in US stockpiles in the week ending April 16, 2021.

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