Oil prices decreased on Monday as data showed that inventories at a major U.S. crude delivery hub rose last week.
The West Texas Intermediate (WTI) for September delivery decreased 43 U.S. cents to settle at 67.20 dollars a barrel on the New York Mercantile Exchange, while Brent crude for October delivery decreased 20 cents to close at 72.61 dollars a barrel on the London ICE Futures Exchange.
Market intelligence firm Genscape said in its latest report on Monday that inventories at the Cushing, Oklahoma, a delivery hub for WTI, rose by about 1.7 million barrels in the week through Aug. 10, which weighed on the market on Monday.
Moreover, Turkey's economic turmoil has raised concerns about a contagious crisis throughout emerging economies, which dented market expectations for the overall oil demand in the coming months.
Editor:Cherie
