By V. Phani Kumar, MarketWatch
HONG KONG (MarketWatch) -- Crude-oil prices declined Thursday, extending their fall in New York after U.S. data showed total petroleum inventories continued to rise last week.
The front-month September contract for light sweet crude slipped 36 cents to $65.25 a barrel on Globex.
The futures ended 21 cents, or 0.3%, lower at $65.40 a barrel on the New York Mercantile Exchange Wednesday, dropping for the first session in six.
Total inventories of crude, gasoline and other petroleum products rose 1.9 million barrels in the week ended July 17, up for a sixth straight week to the highest level since September 1990, data released by the Energy Information Administration showed.
Crude inventories fell by 1.8 million barrels, but distillate fuel inventories increased by 1.2 million barrels.
