Oil prices fall on U.S. crude inventory build, record Saudi output

August 11, 2016 12:50 AM

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Oil prices fall on U.S. crude inventory build, record Saudi output

SINGAPORE Oil prices fell early on Thursday as a build in U.S. crude inventories and record Saudi Arabian production weighed on markets.

U.S. West Texas Intermediate (WTI) crude futures CLc1 were trading at $41.34 per barrel at 8.32 p.m. ET, down 37 cents, or 0.9 percent, from their last settlement.

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