NEW YORK, July 31 (UPI) -- Crude oil prices fell back into negative territory Friday after midweek gains following status quo statements from OPEC and little gains in the eurozone.
Brent crude oil prices moved slightly lower in early Friday trading to sell at $53.10 per barrel. West Texas Intermediate, the U.S. benchmark, followed suit to fall modestly to $48.18. Early week dips in crude oil prices that greeted a crash on the Chinese stock exchange rebounded midweek as U.S. inventory data suggested an increase in demand.