Oil prices edge lower
Oil prices declined 0.49%-0.67%
As of December 27, 07:40 (UTC+3), Brent Crude futures for November settlement were trading 0.49% lower at $ 85,23 a barrel on the London-based ICE Futures Europe Exchange.
Light Sweet Crude (WTI) futures on the New York Mercantile Exchange lost 0.67% to close at $ 84,09 a barrel.
Oil prices drop on increasing US crude inventories.