10. Oil prices fall after report of a surprise rise in US crude inventories

Oil prices on global markets are falling following a report of a surprise increase in US crude inventories. North Sea Brent was down around 0.8 percent at about 18:30 CEST, falling back below 65 dollars a barrel. US West Texas Intermediate (WTI) crude was also down 0.8 percent, trading near 61.5 dollars a barrel.

The US Energy Information Administration (EIA) said this afternoon that US crude inventories rose by 1.3 million barrels to 443.2 million barrels last week. Analysts polled by Reuters had forecast a drop of 1.3 million barrels. According to EIA data, inventories of gasoline and other petroleum products also rose last week.

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