Oil extends decline after biggest monthly slump in two years

Oil extends decline after biggest monthly slump in two years Reuters TOKYO (Reuters) - Oil prices fell on Wednesday after industry data showed U.S. stockpiles of crude unexpectedly rose, starting the new month in negative territory after the largest monthly decline in two years in July. October Brent crude futures dropped 29 cents, or 0.4 percent, to $73.92 a barrel by 0044 GMT, adding to a 1.8 percent loss in the previous session. The post Oil extends decline after biggest monthly slump in two years appeared first on Firstpost. FirstPost