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Brent crude prices fell to their lowest level in three months on Wednesday, with US inventories and official forecasts of production data later in the day.
The estimates of the American Petroleum Institute released last night increased inventories by 629,000 barrels last week.
Brent crude for delivery in September fell 0.7% to 71.61 dollars a barrel at 15:23 pm Mecca, after falling earlier today to 71.23 dollars, the lowest since April 17.
Nymex futures for delivery in August fell 0.7% to $ 67.6
The price of US crude dropped by about 9% in July , the escalation of the US-China trade war likely to affect economic growth and demand reduction
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