Oil Declines, Brent Crude at $89.45 pb

Singapore, July 30 (QNA) – Oil prices relinquished some of their gains today, with Brent crude futures falling $1.29, or 1.42%, at $89.45 a barrel.

US West Texas Intermediate (WTI) crude slipped 56 cents, or 0.66%, to $83.90 a barrel.

Preliminary shipping data showed that 39 commodity vessels passed through the Bab el-Mandeb Strait into the Red Sea on Tuesday, the highest count since July 19. At the same time, only a handful of ships continued to transit the Strait of Hormuz. (QNA)