ND:Oil falls to near $99 after US crude supply jump
Oil falls to near $99 in Asia after report shows unexpected US crude supply jump
(AP) -- Oil prices fell to near $99 a barrel Wednesday in Asia after a report showed U.S. crude supplies unexpectedly jumped last week, suggesting demand may be weakening.
Benchmark oil for September delivery was down 36 cents to $99.23 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. Crude rose 39 cents to settle at $99.59 on Tuesday.
