U.S. oil prices dropped 1.38 percent on Thursday on higher petroleum stocks in the United States.
Total commercial petroleum inventories in the United States rose 3.6 million barrels in the week ending Aug. 31 though U.S. commercial crude oil stocks fell 4.3 million barrels in the previous week, according to data issued by U.S. Energy Information Administration on Thursday.
Stocks of motor gasoline, distillate fuel as well as propane and propylene expanded 1.8 million, 3.1 million and 2 million barrels week on week, respectively.
By contrast, America Petroleum Institute said on Wednesday that national crude oil stock fell 1.2 million barrels last week.
The index of U.S. dollar, which measures the greenback against six major peers, decreased 0.15 percent to 95.0429 at 3:00 p.m. (1900 GMT).
The West Texas Intermediate (WTI) for October delivery lost 0.95 U.S. dollar to settle at 67.77 dollars a barrel on the New York Mercantile Exchange.
