Financial Times FT.com

Crude falls sharply after inventories surprise

By Chris Flood

Published: August 23 2006 10:57 | Last updated: August 23 2006 18:07

Crude prices fell sharply on Wednesday after a surprise increase in US gasoline stocks last week.

ICE October Brent dropped $1.44 to $71.80 a barrel while Nymex October West Texas Intermediate fell $1.65 to $71.45 a barrel.

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