Oil Prices Fall After 2-Day Rise

Crude oil prices fell on Thursday after rising on Tuesday and Wednesday, with Brent retreating shortly before reaching $98 per barrel. The price of a Brent barrel sank 1.69% on Thursday by 2:58 pm ET, a $1.63 loss on the day to $94.92. The November contract for WTI fell $2.10 per barrel (-2.24%) to $91.58, after reaching $94.89 on Wednesday following the EIA’s Weekly Petroleum Status Report that showed a 2.2 million barrel decline in U.S. crude oil inventories for the week ending September 22, in tandem with a drop in crude inventories stored…