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Oil falls after a big jump in US stocks
Follow - up / ... Oil prices fell in trading Thursday, after a big jump in US crude inventories beyond expectations and estimates of market analysts.
US oil inventories rose 5.8 million barrels to 411.1 million barrels in the week ending July 13, data from the US Energy Information Administration showed on Wednesday.
US Petroleum Institute data showed Tuesday that US stockpiles rose 629,000 barrels.
Brent crude for September delivery fell 0.27 percent, or 20 cents, to $ 72.7 a barrel by 0630 GMT.
US crude futures for August delivery fell 0.13 percent, or 9 cents, to $ 68.67 a barrel.
US crude oil production rose last week to a new record high of 11 million barrels per day, up from 10.9 million barrels per day.
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