According to reports, Brent futures dropped by 76 cents, or 1.2 percent, to $64.16 per barrel. Meanwhile, U.S. West Texas Intermediate (WTI) crude oil contracts fell by 60 cents, or 1 percent, trading at $59.76 per barrel. In the previous session, both contracts had closed up by about $1 per barrel, or 1.5 percent. Sources indicate that U.S. crude oil and gasoline inventories likely increased last week, while distillate stocks may have declined.
