SINGAPORE: Oil prices fell for a third day in Asia trade on Thursday after figures showing high US crude stockpiles and increased Saudi production.

Official US data on Wednesday showed a jump in crude inventories, taking by surprise investors who expected a draw down in supply, pushing prices of the commodity down by 3 percent overnight.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details