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International benchmarks for oil prices fell to three month low on Wednesday (27 July) after US data showed an unexpected increase in commercial stockpiles of oil and gasoline. Data from the EIA showed some 1.7 million barrels increased in crude inventories and gasoline stocks were up 452,000 barrels. Analysts worried that swelling glut of gasoline will prompt refiners to buy less crude oil, causing the global glut of crude to linger longer and put prices under pressure.

WTI closed at $41.92/barrel (-$1.00) September delivery

Brent closed at $43.47/barrel (-$1.40) September delivery