Light, sweet crude oil prices fell on the New York market Aug. 28 pending the weekly US government inventory report, scheduled for release on Aug. 29. The American Petroleum Institute said its own data showed US crude supplies rose 38,000 bbl for the week ended Aug. 24. Separately, a Wall Street Journal survey of analysts and traders showed they expected a weekly drop of about 1 million bbl in the crude inventory.

Source: News