International oil prices fell during trading on Thursday, after oil inventories in the United States recorded a sudden increase during the past week, in addition to the increase in production there, in an indication of continued Recovering from the aftermath of two consecutive hurricanes.
It was also reported that OPEC would stick to the agreement to add 400,000 barrels per day to its production in November, despite recent price gains.
Data from the US Energy Information Administration showed, on Wednesday, an increase in crude production by 500,000 barrels last week, to 11.1 million barrels per day.
Brent crude oil futures for November delivery fell by 0.3% to $78.40 a barrel.
The US NYMEX crude contracts for November delivery also fell 0.1%, recording $74.74 a barrel.
