NEW YORK—Oil prices dipped Wednesday on weak jobs and inventory data in the United States, the world's biggest energy consumer.
New York's main contract, light sweet crude for delivery in August, fell 31 cents to $75.63 a barrel.
London's Brent North Sea crude for August dropped 43 cents to $75.01 a barrel.
The market reacted to news that the US private sector created only 13,000 jobs in June compared with expectations of 61,000.
It additionally digested data showing that US gasoline, or petrol, inventories rose unexpectedly last week, signaling weak demand.
The US Department of Energy said that gasoline stockpiles rose by 500,000 barrels in the week ending June 20, while analyst predictions had been for a fall of 400,000.
