00:00With the recent update, its oil prices settled lower after a choppy session on Wednesday,
00:06as investors monitor talks between Iran and Oman on the Strait of Hummus
00:10and a smaller-than-expected rise in U.S. crude stocks.
00:13Brand crude futures settled down $0.74 or 0.84% to $87.84 a barrel.
00:20In West Texas' intermediate crude futures settled down $0.13 or 0.16% at $82.23.
00:28During the session, both benchmarks fell to their lowest levels since August 10
00:32on hopes of an increase in traffic through the Strait.
00:36The power losses after official oil stock data showed U.S. crude inventories rose by less than expected last week.
00:44Crude inventories increased by 95,000 barrels to 4,428.9 million barrels in the week ended August 21.
00:52The Energy Information Administration said compared with analysts' expectation in a Reuters poll for a 597,000 barrel rise.
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